Are Mortgage Credit Standards Too Tight?

The Global Financial Crisis of 2008 left a lasting mark on the American economy and in particular, the mortgage industry. Prior to the GFC, some lenders were offering “NINJA” loans, the acronym for  “No Income, No Job, and no Assets”. It’s easy to see some of the flaws in the system looking back. The federal…

4 Ways Borrowers Can Improve Their Credit Score

The credit score, sometimes referred to as the FICO score, is one of the most important numbers that Americans will carry with them throughout their lives. It is a measure of their ability to receive credit, and credit is a major part of doing business, buying a home, and many other things. A consumer can…