$8,000 anyone?

$8,000 anyone? Really! If you’ve never owned a home before you can get $8,000 for buying a home between now and the end of November of this year. Honestly, I wish I didn’t already own my home! Therein lies some of the controversy with this Economic Stimulus Bill, but I’m not going to spend time [...]

Fine Tuning Credit Scores

By next spring, two of three credit reporting bureaus will use a new model. Fair Isaac, the developer of FICO scores, has made the biggest change to its mathematical credit score model since it was introduced in 1989. Scores will still be on a 300- to 850-point scale. But the company estimates that 40% to [...]

First Blush

The Fed’s been at it again, offering words that sound encouraging at first blush, confirming that their buying program of Mortgage Backed Securities is in full swing and will continue as needed. Of course, the media will pick this up and offer their own interpretation, saying “Good news, the Fed’s words on continuing their purchasing [...]