credit scoring and mortgage rates: Credit Scoring Strategy is just one part of the Real Estate engine?
- 01/17/11 03:28 PM
Well, we have gone through one of the worst real estate meltdowns we may see in our lifetime. But, as we continue to fight against high unemployment, falling property values and strict lending guidelines not to mention a whole lot of uncertainty. Can we all agree to one thing? We may need to consider using a revised version of our credit scoring system that fits the new conditions of today? I work with real estate investors, self-employed, first time home buyers (FHA), foreign borrowers and all of the above. We all know that the FHA credit guides are the most liberal. But, … (0 comments)
Well, we have gone through one of the worst real estate meltdowns we may see in our lifetime. But, as we continue to fight against high unemployment, falling property values and strict lending guidelines not to mention a whole lot of uncertainty. Can we all agree to one thing? We may need to consider using a revised version of our credit scoring system that fits the new conditions of today?
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