Tag Archives: mortgage credit

Wells Fargo Lowers Credit Scores to 600

Posted on February 7, 2014 by Cliff

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 →

Posted in Real Estate | Tagged , , | Leave a comment

In 2014 Borrowers Face Higher Mortgage Fees

Posted on December 23, 2013 by Cliff

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 →

Posted in Mortgages | Tagged , , , , , , , , | Leave a comment