BWG Message Board - Forum

Mortgage, Real Estate, Credit, and Computer related information.

Skip to content

BWG Web Site BWG Blog BWG Computers BWG Directory Links

Mortgage Lenders Raising Credit Score Requirements?

Post anything related to mortgage loans and the mortgage industry in this topic. If you have questions, advice, or answers about mortgages this is the place for you!
Post a reply

Mortgage Lenders Raising Credit Score Requirements?

Postby Greg Phillips » Tue Apr 28, 2009 2:04 pm

This month 1 of my lenders raised their minimum credit score requirement to a 660. At first I thought this would be a 1 off situation where a lender had a limited credit line for funding loans. That they were just playing it safe and changing their business model so they could offset loss.

Yesterday one of my major lenders issued a memo stating the same.

Complete Story: Mortgage Lenders Raising Credit Score Requirements? 620 Now and 660 Soon?
Greg Phillips
Owner/Mortgage Professional
Web: Web Site Blog Computers
User avatar
Greg Phillips
Site Admin
Site Admin
 
Posts: 96
Joined: Mon Apr 13, 2009 7:16 pm
Location: Chillicothe, Ohio
Top
Post a reply

Return to Mortgages

Who is online

Users browsing this forum: No registered users and 1 guest

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group

phpBB SEO
cron