The average FICO credit score hit a record high of 711 this past July. This uptick to the score may come as a shock, especially since it has taken place several months “knee deep” amid a global pandemic, FICO representatives ...
Read More »Better Predicting Mortgage Default
Credit scores alone are not enough to determine the likelihood of mortgage default. Here's how multiple factors complicate default risk, and which metrics can serve as the best early warning signs.
Read More »Equifax and FICO Partnership: Industry Impact
Earlier this year, Equifax and FICO announced a partnership, pooling their collective consumer financial data. Here's how that partnership may affect banks, lenders, and lending practices.
Read More »Equifax and FICO Announce Strategic Partnership
Equifax and FICO will integrate differentiated data and precision decisioning to help financial institutions optimize interactions with customers.
Read More »Examining FHFA’s Capital Standards Proposal
A brief analyzing FHFA's recent proposal on enterprise capital looked to answer two key questions on risk and capital requirement across the business cycle.
Read More »The Industry Pulse: Updates on Ocwen, RES.NET, and More …
From credit counseling initiatives to partnerships to automate REO processes, get the latest buzz on the industry in this weekly update.
Read More »FICO, Experian, and Finicity Launch New Credit Score
The new system aims to improve credit access, giving consumers more control in the credit scoring process.
Read More »LERETA Announces Chief Strategy Officer
LERETA, LLC, a national provider of real estate tax and flood services for mortgage servicers based in Covina, California, has tapped Eric Christensen as the Chief Strategy Officer for the company. Christensen is responsible for product development, corporate strategy, marketing, and M&A transactions.
Read More »Credit Scores and Loan Prepayment Speed
Are prepayment speeds related to credit scores? A recent webinar on residential mortgage servicing rights gave some new insights about the prepayment of loan products and FICO scores by comparing conventional and government mortgages.
Read More »Achieving Sustainable Homeownership
With the FHFA considering the possibility of changing the credit score requirements the GSEs requires, what are the advantages of credit scoring competition and what impact could these potential changes have on future default rates?
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