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Those with small blemishes on their record should benefit from the FICO 08 scoring change, while high-risk borrowers and those who "piggyback" are the likely losers.
Today's economic circumstances present significant challenges to college students and graduates. Fortunately, the federal government has stepped in to provide assistance with new programs that...
As banks clamp down on consumers' ability to get credit, alternative credit sources could be getting a boost.
On Friday, the Securities and Exchange Commission gave its blessing for Prosper.com...
Many adjustable-rate borrowers are asking themselves if they should refinance to lock in a good rate for the long term. Or, should they keep their ARM's current rate that's even lower right now,...
Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
One example provided by the article is Bank of America which...
Consumers may soon be able to get free credit scores through their bank or credit union.
Fair Isaac Corp., maker of the FICO credit score, is expanding its "Scores on Statements" program which...
Mortgage rates are the lowest they've been since records first started being kept in 1971. The average rate we're seeing right now is a touch over 5%. For those with good credit, you could be...
Currently, we have just a single company, Lending Club, in operation, but they were crippled much of the year by a dark period as they spent hundreds of thousands of dollars meeting SEC...
So if you have a HELOC (home equity line of credit) at prime, it now lowers to 3.25% -- a truly exceptional rate. The big gotcha, however, is that many people are in HELOCs that have a floor, which...