Tag Archives: credit

Wells Fargo Lowers Credit Requirements for FHA Loans

Wells Fargo has announced that it will accept lower credit scores for loans backed by the Federal Housing Administration. “We have dropped our FICO minimum for FHA from 640 to...

Credit Card Company Adds Home-Equity Business

Looking to benefit from rising home values, credit card lender Discover Financial Services announced it will begin offering home-equity loans in the second half of this year. Discover...

FHA Clarifies New ‘Credit Dispute’ Rule

The Federal Housing Administration is giving borrowers a chance to provide an explanation on any disputed collection accounts in their history in order to qualify for an FHA-backed...

Is Tight Credit Keeping Even Good Buyers Out?

It’s not easy to get a loan these days, say housing experts. Even home buyers with excellent credit are struggling to get approved for a loan, as home lending standards have...

Congress Urged to Restore Home Buyer Tax Credit

The National Mortgage Complaint Center, a consumer advocacy group, is asking Congress to introduce legislation to restore the federal tax credit for home buyers in order to “rescue...

Buyers Rejected for Loans Can Now Find Out Why

A provision in the Dodd-Frank financial reform law, which took effect this week, is requiring lenders to provide consumers with a free credit score, which will help provide new...