New Credit Score Model Not Helping Home Buyers Says Credit Expert Aug 27, 2009
FICO 08's developer, Fair Isaac Corporation, predicts it will help lenders reduce default rates on consumer loans 5 to 15 percent. Fannie Mae and Freddie Mac own or guarantee almost 31 million home loans worth about $5. (PR Newswire)
CIBC Announces Second Quarter 2009 Results May 28, 2009
1 billion) hedged by financial guarantors comprise super senior CDOs with underlyings being approximately 15% sub-prime RMBS, 48% Alt-A RMBS, 13% asset backed securities (ABS) CDO and 24% non-USRMM. Sub-prime and Alt-A underlyings consist of approximately 9% pre-2006 vintage as well as 91% 2006 and 2007 vintage RMBS. Sub-prime exposures are defined as having Fair Isaac Corporation (FICO) scores less than 660; and Alt-A underlyings as those exposures that have FICO scores of 720 or below, but... (Canada Newswire)
Stimulus bill to help homebuyers May 5, 2009
The "Housing and Economic Recovery Act of 2008" offered an 8,000 loan to first-time homebuyers with a FICO (Fair Isaac Corporation) score of 640 or better. However, the American Recovery and Reinvestment Act of 2009 modified the bill on Feb. 17 to make it an 8,000 credit. (Rexburg Standard Journal, ID)
ConsumerMan: Your credit score Apr 28, 2009
I spoke with Craig Watts, public affairs manager of the Fair Isaac Corporation, the company that created automated credit scoring back in 1959. Today, their FICO score is the most commonly used credit score in the U.S.. (MSNBC -- Business)
More of this story Apr 9, 2009
The Fair Isaac corporation created the first credit scoring system in 1958. You are entitled to one free copy of your credit report from each credit reporting agency once every 12 months. (Laurel Outlook, MT)
