Smart Borrower Blog

Archive for December, 2013

FHFA Postpones New Mortgage Fees…For Now

Dec 24th, 2013 @ 9:57 PM by Amber Nelson

Homebuyers can breathe a sigh of relief, at least for the next few months. The newly confirmed Federal Housing Finance Agency director has announced that he will postpone defer fees on Fannie Mae and Freddie Mac-backed loans at least through April 1. “The FHFA will delay implementation of the [guarantee] fee and risk-based pricing plan…,” […]

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Time to Say Goodbye to Rock-Bottom Mortgage Rates?

Dec 18th, 2013 @ 10:04 PM by Amber Nelson

It finally happened. The Federal Reserve announced Wednesday that it will begin tapering its bond-buying program at the beginning of the new year. And while that’s a good sign – it means the economy is not as dependent on government stimulus money as it once was – the consequences may mean that we have seen […]

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FICO Gets on Board With Business Credit Scores

Dec 12th, 2013 @ 9:37 AM by Amber Nelson

Business owners will soon get a look at how their credit is being scored by the Fair Isaac Comp. (FICO) To this point business FICO credit scores have only been available to lenders evaluating a business for a loan. Now, perhaps in an effort to cut in on the market share of other credit scoring […]

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College Debt Rises Unevenly Across the Country

Dec 4th, 2013 @ 7:57 PM by Amber Nelson

More U.S. college students are coming out of school with debt and with more of it, but the load is not shared equally across the nation, according to a recent report. The Institute for College Access and Success, analyzed federal data from former students and a survey of over 1,000 colleges and found that 71 […]

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