The Fair Isaac Corporation (better known as FICO) recently introduced its new credit score model, and obviously it’s attracting a lot of attention from mortgage industry experts. Only time will tell if this new model will revolutionize the lending industry or if it will fail. UltraFICO They’re calling it UltraFICO. Continue Reading →
In an effort to improve the mortgage loan application process, Fannie Mae and Freddie Mac (under the direction of the Federal Housing Finance Agency (FHFA)) have significantly redesigned the standard home loan application form. This new form, known as the Uniform Residential Loan Application (URLA), will be adopted by lenders Continue Reading →
Based on recent economic factors, government agencies have begun releasing more mortgage credit available for home buyers. According to the data, loan programs from the FHA and other sources have been increasing. Borrowers have been able to finance home loans with increased debt loads, lower down payments and weaker credit Continue Reading →
Transparent Mortgage is proud to announce its latest partnerships with two of America’s leading major mortgage lenders: Quicken Loans and loanDepot. We are now officially a wholesale partner with each of these corporations, which gives us access to their mortgage loan products, management systems and underwriting services. Though Transparent Mortgage Continue Reading →
If you’ve been following this blog or other financial news sources, you will know that mortgage rates have been steadily on the rise throughout 2018. As of October, the average interest rates have officially moved back over the 5% threshold. This is the first time since 2011 that we’ve seen Continue Reading →
