ficos: FNMA Announces More Price Adjustments - For Best Pricing Must Have 720 FICOs
- 03/11/08 07:21 AM
Changes to Pricing Requirements Fannie Mae will implement new loan-level price adjustments (LLPAs) that will apply to mortgage loans with various combinations of risk characteristics: • • A range of loan-to-value (LTV) ratios combined with certain representative credit scores; • • Cash-out refinance loans with certain LTV ratios combined with certain representative credit scores; and • Two-to-four unit properties.
LTV/FICO® LLPAs
Two- to Four-Unit Property LLPAs *2 The two-unit LLPA below replaces the existing two-unit LLPA. The three- and four-unit LLPAs are new LLPAs. • • Two-Units: 0.50% LLPA applicable to all LTVs • • Three- to- Four Units: 1.00% LLPA … (0 comments)
ficos: 5 Common Myths About Your Credit
- 02/21/08 07:07 AM
5 Common Myths About Your Credit Credit Myth #1: Checking your own credit can lower your credit score. This is probably one of the most common credit myths out there. When you or someone else accesses your credit file, it is referred to as an inquiry. Your own requests for your credit report, promotional inquiries by credit card companies, and "checkup" inquiries by your existing creditors are known as "soft pulls" do not affect your credit rating. An inquiry made by a lender in order to evaluate your loan or credit application may lower your credit rating, however.Credit Myth #2: You have one credit … (4 comments)
ficos: "Your Credit is Unique Like Your Fingerprint and Hard to Read Without Expert Help"
- 02/20/08 05:26 AM
"Your Credit is Unique Like Your Fingerprint and Hard to Read Without Expert Help" One thing you should know about credit is that your credit is unique -- much like a finger print. It takes a competitant credit professional to analyze and optimize. That's one thing that sets me apart and can work to your advantage. If you need a FICO boost or just clear and honest advice, we need to speak. Call or email me to take a step in the right direction toward better credit and all the benefits that follow. Don't put it off and don't be shy. The fact is, … (0 comments)
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Changes to Pricing Requirements 
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