Fico, the creator of the almighty Fico score, says enhancements in its analytic modeling allow it to identify borrowers who are over 110 times more… Read More »Fico: Some Homeowners 110 Times More Likely to Strategically Default than Others

One of the nation’s top homebuilders plans to buy its own homes and rent them out. Beazer Homes introduced its “Pre-Owned Homes Division” today, which… Read More »Homebuilder Plans to Buy Its Own Homes

Here’s another PR nightmare… Wells Fargo reportedly offered a struggling homeowner a loan modification that resulted in just $2 off his monthly mortgage payment, according… Read More »Wells Fargo Offers Homeowner $2 Loan Modification Discount

New research from Ohio State University suggests that homeowners who obtain home loans from local mortgage lenders are less likely to default than those who… Read More »Homeowners Less Likely to Default on Mortgages from Local Lenders

Both Wells Fargo and Bank of America, the top two residential mortgage lenders in the nation, have raised minimum credit score requirements on FHA loans,… Read More »Mortgage Lenders Raise Credit Score Requirements on FHA Loans

Borrowers thinking about walking away from their homes voluntarily don’t necessarily give up because the mortgage balance exceeds the value of their homes, according to… Read More »Strategic Default Driven by Future Home Prices, Default Costs

Since the mortgage crisis has taken hold, I’ve tried to think of all the reasons why everything went so horribly wrong. By now, we know… Read More »‘How to Be a Mortgage Broker’ Most Popular Course in Prison