home loans: More Information in the Credit Report
- 11/14/11 05:58 AM
Consumers applying for a mortgage will be sharing more of their personal information with lenders next year. FICO scores have been based on a person's credit history. But now, tools are being developed to help the lending industry dig deeper. Fair Isaac Corp., and CoreLogic recently announced a joint project that will result in a separate score that will be available to mortgage lenders and will include payday loans, evictions and child support payments. In the future, the status of utility, rent and cellphone payments may also be included. Experian, Equifax and TransUnion have recently begun providing estimates of consumer … (0 comments)
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