FICO

Mortgage News

Posted on August 21, 2014

New FICO Scoring System In a recent article published by the National Mortgage Professional Magazine, it was announced that the FICO scoring system will be restructured in order to help borrowers qualify for loans more easily. One of the primary differences we will see is that median FICO score for consumers whose only derogatory references are unpaid medical debts will increase by 25 points.  It has been determined that medical collections

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