What FICO’s New Credit Scores Mean for the Mortgage Industry

You may have heard the news; Fair Isaac is updating FICO scores! That’s right, two new credit scores are expected this summer --- FICO 10 and FICO 10T. Don’t panic, these new scores won’t have … [Read more...]

Big Changes Coming For Credit Reporting Agencies

Thanks to a 2015 settlement agreement between the New York Attorney General and the three credit reporting agencies, some important changes are on the way in regards to credit reporting. An additional … [Read more...]

FICO Score, FAKO Scores and FICO 09

FICO scores can be confusing to say the least. In reality a person has many different FICO (Fair Isaac Company) scores depending on what they are applying for and the codes that are being used to pull … [Read more...]

How Many FICO Scores Does a Person Have?

One of the most misunderstood facts about FICO scores is that most consumers think they only have 3…one for each bureau. The fact is that a consumer actually has dozens of FICO scores. With the … [Read more...]

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