Mike Tullio's (blueskyeguy) Blog

For the longest time, I thought the credit scoring model was 2 parts magic, one part fairy dust, and three parts pi times the square root of the sum of the numbers in your social security number.  But now I know better; it's all magic. Black magic for a lot of folks these days.  But there are som...

"But I make $60,000 a year!"  No, according to your 2008 tax return, you make $12,000 a year and that $250,000 home in Sarasota might be just a bit out of your price range. It's a bitter pill to swallow but there's a lot of pill-popping going on these days and the self-employed borrowers are feel...

Shazaam!  Kaboom!  OK, enough pseudo-expletives.  It's time to revisit the Ten Commandments of Lending as I see them from the top of Mount Mortgage.  Wow, it's apparent I've had too much coffee this morning.  Let thee read on! II - HONOR THY FICO AND KEEP IT 620 THE SIN: I've pulled hundreds of c...