Tag Archives: Mortgage

Are Mortgages Becoming Easier to Obtain?

Lenders are reportedly easing credit standards. Wells Fargo, the nation’s largest mortgage lender, recently announced it has cut its minimum credit score for borrowers of Fannie Mae and Freddie-backed loans from 660 to 620. Borrowers with lower credit scores must prove their ability to sustain home ownership, however, says Frank...
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More Focusing on Paying Down Mortgage

DAILY REAL ESTATE NEWS | THURSDAY, MARCH 20, 2014 As home prices rise, consumers are once again prioritizing their mortgage payments over paying down credit card debt, according to a new report from TransUnion. It’s the first time since 2008 that borrowers have shifted their focus back to mortgage debt...
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