Home Loans Mortgage: Does the Mortgage Industry Rely Too Heavily on Credit Scoring Models?

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Jan 10, 2011 12:24PM

Does the Mortgage Industry Rely Too Heavily on Credit Scoring Models?

Few factors affect the mortgage lending process as much as a borrower's credit score.

Jan 10, 2011 4:56PM

Uninspiring Day in Bond Market. Rally Awaits Further Guidance

Morning price action was supportive of an extension of Friday's data-driven interest rate rally. The move was uneventful and uninspiring though...

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Micro News

4:56 PM:	New MBS Commentary Post
4:42 PM:	New Mortgage Rate Watch Post
4:37 PM:	Econ Data, Japan, Treasury Auctions, And Volume To Make Return Tomorrow!
4:18 PM:	New MBS Commentary Post
3:42 PM:	MBS Sideways At The Highs After Hours
3:10 PM:	10yr Yields Rally, But Low Volume Resistance At 3.30
2:25 PM:	Most Recent Threats Promptly Thwarted In Low Volume
1:35 PM:	Short Term Support Broken

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Today's Comments

	"Well done Cindi. We rely to heavily on automation in lending, and the current housing meltdown provides all the proof for that. I guess convincing Congress..."
	"Just like everyone, I want to see employment improve. Normal life - where are you? I want people to buy homes they can afford. I still see jobs going overseas..."
	"Until we, as voters, demand campaign finance reform, and prohibit the revolving door between the public and private sector, nothing will change."

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Today's Q&A

	"When a foreclosure sale takes place how long does the homeowner..."
	"Do all mortgage companies require an appraisal before loan is..."
	"If a home buyer's closing date arrives and the buyer's..."

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Today's Forum Discussions

	"there are five owners on this property 6 with the primary mortgage holder. He is dead now and the payments are made by all the 5 heirs and we want the..."
	"Loan Scenario View All Post A Scenario Loan State: Rhode Island Loan County: --- Loan Type: Purchase Loan Amount: $250,000 Property Value: $250,000 LTV..."
	"Loan Scenario View All Post A Scenario Loan State: Florida Loan County: --- Loan Type: Purchase Loan Amount: $100,000 Property Value: $125,000 LTV: 80..."

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