Tag Archives: mortgage credit

Wells Fargo Lowers Credit Scores to 600

Lower Credit Scores Wells Fargo has announced that it will accept lower credit scores for loans backed by the Federal Housing Administration. “We have dropped our FICO minimum for FHA from 640 to 600,” says Wells Fargo Executive Vice President … Continue reading

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In 2014 Borrowers Face Higher Mortgage Fees

Mortgage giants Fannie Mae and Freddie Mac increase mortgage fees Borrowers will likely see an increase in mortgage fees next spring, particularly those who lack a sizable down payment or have less-than-perfect credit scores. Mortgage giants Fannie Mae and Freddie … Continue reading

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