Great Credit Score? regulators say
Posted by James Breen at 8 March 2008 19:18
I can't seem to help myself. I did the time. I was always from Bankruptcy And Debts. I seem to have talked to the author in the post. This scene of credit mortgage poor rating was nice and all.
I love the posting, I made a copy and share:
Is FICO still relevant to the mortgage industry? I can see it now: no matter how this question gets answered, it's certain to elicit some response, which in fact, is the reason for the article. As an industry that migrated with some reservation but eventually went "all-in" with the belief that FICO was a true indicator of performance, it's a question that deserves discussion, particularly given the issues we're facing. Let me start by saying that I don't believe it's a simple yes or no ..read more.
I should also introduce my friends to take a look at of this:
Sometimes a comment on one of RCG's posts is SO interesting that you just have to turn it into its own post, so people don't miss it. Like this one from Dave in Sacramento: "In my neighborhood in Sacramento, California, I am seeing a chain of people buying a foreclosed upon or short sale home while they still have good credit, then allowing their former home (which is in the same neighborhood with the same floor plan) to go into foreclosure or otherwise disposed of. Then a second person with ..read all.
If you have a craving for credit mortgage poor rating, then come and enjoy.
AP - Banking and savings and loan institution regulators insisted Tuesday that the system remains strong despite precipitous declines in earnings sparked by the mortgage crisis. "The vast majority of institutions remain well-capitalized," Federal Deposit Insurance Corporation Chairman Sheila Bair told a Senate Banking Committee hearing on the state of the banking industry. Credit losses "are going to continue to tick up," and the FDIC expects some increases in its troubled bank list, she ..».
I feel deep enjoy. It helps me calm my nervousness.
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