All Posts Tagged: Fannie Mae

New FICO Score model: 3 things you may not know

Wendy Cutrufelli
Mortgage Banking
Man reviewing document at computer

Before prospective home buyers get too wrapped up in last week’s news of changes to FICO Score calculations that are expected to raise some consumers’ scores, here are three things to keep in mind.

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Numbers Count: Weekly mortgage data highlights

Karen Mayfield
Mortgage Banking
Craftsman style home, blue sky in the background.

Numbers do count, to us as bankers and, more importantly, to prospective homebuyers, sellers, and real estate professionals. Here’s my take on what counts this week in housing market data.

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The new mortgage rules: What ATR means for you

Karen Mayfield
Mortgage Banking
houses_rooftops

Part of the 2010 Dodd-Frank Act, the ATR rule was established to set minimum standards that a lender must use to determine that consumers have the ability to repay the mortgages they get.

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