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FICO credit adjustment will increase access to home ownership -- NAR

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Mortgage Professional America | 08 Aug 2014, 11:45 AM Agree 0
In a move industry pros say will expand access to home ownership, FICO announced today that it is revamping the way it calculates credit scores
  • Bryan Supreme Lending | | 08 Aug 2014, 04:13 PM Agree 0
    Did they give an exact date on when this starts?"The fall" is pretty vague.
  • ritzput | | 13 Aug 2014, 06:34 AM Agree 0
    So does this mean if you take an old unpaid collection and make it a current paid collection, the scores won't temporarily decrease? This would be great for collection companies who's clients are over 3 years old!
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