Category Archives: credit scores

The Home Mortgage Book: Insider Information Your Banker & Broker Don’t Want You to Know by Dale Mayer

Dale writes: Lenders also appreciate prequalification because they no longer need to depend on real estate agents for referrals. Lenders can advertise that they offer prequalification letters… There is nothing more important in your financial life than your credit score. … Continue reading

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Overstating Mortgage Values

From the Wall Street Journal: In late 2006 and early 2007, the Moody’s Corp. unit continued to rate new collateralized debt obligations even as the analyst, Eric Kolchinsky, aired his concerns to his colleagues and boss, people familiar with the … Continue reading

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Sell Or Refinance

From AZStarNet: Q: I purchased a 2000 Acura Integra in April of 2007. The purchase price was $10,409 at an interest rate of 15.99 percent. My credit was great at the time I bought it. The value of the car … Continue reading

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Rating Agencies Under Fire For The Lousy Way They Evaluated Mortgage Debt

FROM FT.com: The big rating agencies have agreed to change the way they charge for credit ratings in the mortgage-backed securities market to prevent “ratings shopping”, where only the highest ratings on a deal are selected and paid for. The … Continue reading

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Refinance, Mortgages And The Credit Agencies

From the New York Times: NEW YORK (AP) — Major credit rating agencies were a step closer Tuesday to settling with New York Attorney General Andrew Cuomo to overhaul business practices in the aftermath of the subprime mortgage crisis. Standard … Continue reading

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Getting Screwed By Credit Scores

From SFGate: To help with this, two federal agencies have proposed risk-based pricing alert procedures that would cover all lending situations – home mortgages, credit cards, auto loans, among others. Using one method, the bank could provide you the credit … Continue reading

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