Gene,

As always, your posts are chockfull of great information.  And thank you for sharing this with us.

Carol Williams here is a post for your Second Chance Saturday consideration.  A

Gene thanks so muchh for posting this info. It will be extremely valuable both to us and our clients.

Good morning Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - thanks for the updates.  As always they keep me guessing.

A definitive explanation of the upcoming changes to FICO.  Superb post, Gene!

Hi Gene-once again, you've provided some excellent information that all consumers will want and you've put it in a way that we can all understand. 

Thanks, saving this one, Gene. You always say it so well - and as you mention, planning and preparation are key. 

Ironically you just reminded me of a bill I need to pay. Better get on that before it's late and I'm more harshly judged.

Great information. I was not aware of the impending change in FICO. The trending characteristic will be interesting to follow and see the results.

Thank you Gene, in the end it's up to the individual to mind their financial habits to ensure a healthy FICO score. 

Good morning Gene. Thanksfor the heads-up! Those in doubt should seek you out for proper guidance. Enjoy your day!

Good morning, Gene... no one explains these complicated issues better than you do! Thanks for the great explanation which I can share with my own clients.

Excellent info.  Way to get ahead of this, Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi.

Gene excellent job on this blog, well deserved feature.  It is going to be interesting what the impact will be on mortgages until all Lenders get on the same page.

Dear Gene,

Interesting. This might be a bit of a rough road for a few people, who do not maintain good credit hygiene. Another reason to hurry up and buy something.

Good morning, Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi this is great information..... and I'll bookmark it for future reference.... congrats on the feature.... I always enjoy posts about credit and issues that arise when applying for a mortgage....

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - Thank you for always keeping us informed of what's going on in the Mortgage Industry. Should we plan to expect buyers to take longer to qualify? On average, provided there's good credit, how long will it take to get loan approval? If buyers have issues, are you looking at an additional 10 days or more to get approval or clear to close? Will this impact VA & FHA loans significantly? 

Thank you for the heads up on the new scoring.  Makes sense.  It will be interesting to see the actual score changes with the new criteria.

Great information!  Thanks for posting.  It will be interesting to see how this plays out.

This is important information to share with prospective mortgage borrowers.

I used the Short URL to post this blog on my Facebook timeline.

Thanks for this timely update and this is why I still love AR !!! Laura T. Perry    Jesse Keim 

Thank you so much for breaking down the differences. I used to work with quants, economatricians, etc - so I really appreciate what goes into a particular financial model. Manhattan is mostly portfolio lending so this is a bit less relevant here but I still find it valuable to understand the components of this model.

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi 
Thanks for the full report on the changes coming up.
All the best - Lynn

Good Tuesday morning, Gene.

Thanks for your comments on my recent post.

Important information and some clarity on this upcoming change. Thanks for Sharing.