Tag: mortgage lenders
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C’mon, FICO! Another Fee Hike for 2026?
FICO is doubling its price for issuing a credit score — from $4.95 to $10. According to the Equifax credit data company, this hike will potentially raise credit report costs across the industry by $100 million. Now, mortgage lenders need to decide whether to eat the extra cost, or make mortgage applicants cover the added…
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The Struggle Continues: Deed Equity Means Closing the Racial Wealth Gap
The African-American and Hispanic homeownership rate has generally been below 50%. Now, there’s a group on a mission to include the “have nots” in the U.S. population of deed holders. It’s taking down hurdles to homeownership, like the need to amass money for down payments. The Homeownership Council of America has debuted Equity DPA, a…
