Fannie, Freddie inch closer to dumping FICO for alternate credit scores on mortgage approvals

Fannie Mae and Freddie Mac have for years considered switching to alternative methods of assessing borrowers' credit scores and on Wednesday the two mortgage finance giants took a step closer to that goal. The Federal Housing Finance Agency, Fannie and Freddie's regulator, put out a request for
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“In November, Florida's housing market reflected the trends we've grown accustomed to seeing throughout this year,” Florida Realtors President Maria Wells said. “More owners decided to put their homes up for sale. New listings for single-family, existing homes rose 1.8 percent year-over-year, while
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Familiarity might breed contempt, but it seems nothing brings out the detractors like success. After a meteoric rise, marketplace lending has had its share of challenges and scrutiny, but the future should still be bright for such an industry on the forward edge of technology and consumer needs.
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After Reaching Milestone, Is FEDERAL NATIONAL MORTGAGE ASSOCI (OTCMKTS:FNMA)'s Short Interest Revealing Something? … More important recent Federal National Mortgage Association (OTCMKTS:FNMA) news were published by: Benzinga.com which released: “What's Next For Fannie And
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ALBANY – Median home prices in the state rose by 5.8 percent in November from a year ago, according to the New York State Association of Realtors. Despite tight supply, 10,719 homes were sold in November, the second highest total for the month on record. The number of sales represents a
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The results are in. Did you read our top most–read blog posts for 2017?
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Shares of Endo International plc (NASDAQ:ENDP) are currently trading at $8.05, experiencing a change of -1.41% with 713,577 shares trading hands. The stock holds an average trading capacity of 6.01M shares for the past three months. When we compare its current volume with average for the same
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This Oct. 24, 2016, photo shows dollar bills in New York. Ian Shepherdson, chief economist at Pantheon Macroeconomics, said that the tight labor market is expected to remain tight in 2018. That means companies will be hard pressed to find and retain workers, and in turn, will likely raise pay.
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The big picture: Despite the big jump, the housing market is still plagued by a chronic supply crunch. Unsold inventory would take 3.4 months to sell at the current pace, well below the 5-6 months worth of supply that normally signals a balanced market. What's more, properties stayed on the market for an
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My card is being declined even though there is funds in my account. Please let me know what's happening. – Let TD Helps show you how you can reach your goals.
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“Despite slowing growth trends across the Texas housing market, job market and economy in 2017, Texas luxury home sales volume has continued to grow at a booming pace,” said Vicki Fullerton, TAR chair. “Rising home prices, high-end remodeling activity in major metro areas and relocation activity
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The new laws will result in the federal company tax rate being slashed from 35 per cent to 21 per cent, in what has been described as the biggest tax cut in decades, and by Mr Trump as the “biggest in history”. The bill passed the upper house on Wednesday evening, Australian time, enjoying the support
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Philip Morris International logo Narwhal Capital Management raised its holdings in Philip Morris International Inc. (NYSE:PM) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,440 shares of the company's stock after buying
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Malaysian legislators this week criticized the uniforms issued to female crew by two Malaysian airlines, calling them “too revealing” and suggesting they conflict with the country's Muslim values. Senator Datuk Abdullah Mat Yasim targetted the uniforms of AirAsia and Firefly, a subsidiary of Malaysia
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How much charge fee for money transferred to TD bank from other foreign country (e.g. China) ? – Let TD Helps show you how you can reach your goals.
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“Tourism is the engine that drives real estate” on the island, Mr. Poravas said. But compared to places like Barbados, St. Martin and Antigua, he added, St. Lucia “is still very much an up-and-coming destination, a much smaller market in its early stages of development.” And while the market is up from
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Budget for homewnership and calculate your mortgage down payment for your dream home. Our free Mortgage Down Payment Calculator breaks down how your down payment affects your total monthly payments.
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The day prior to the latest interest rates being announced, the Federal Reserve raised short-term interest rates for the third time this year. According to a Freddie Mac release, “The market had already priced in the rate hike, so long-term interest rates, including mortgage rates, hardly moved.” Nonetheless
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Northern Trust Corp boosted its position in International Game Technology by 0.3% during the second quarter. Northern Trust Corp now owns 287,236 shares of the company's stock valued at $5,257,000 after purchasing an additional 887 shares during the last quarter. Pinnacle Associates Ltd. raised its
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Farm loan disbursement rose 8.71 percent year-on-year to Tk 8,230.88 crore in the first five months of the current fiscal year, according to central bank data. Commercial banks have long been showing increased interest in disbursing more agriculture credit amid sluggish lending in the industrial sector,
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