Credit Reporting News

FHA relaxes new credit regulations

The Federal Housing Administration recently announced new credit standards for borrowers trying to obtain mortgages backed by the agency.
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New credit standard for borrowers an FHA milestone

The implementation of a new credit lending standard for borrowers hoping to get their mortgages backed by the Federal Housing Administration is a milestone for the government agency.
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More automation for FHA/4506-T documents in 2012

In 2012, the Mortgage Bankers Association says the Federal Housing Administration and Internal Revenue Service will start allowing electronic signatures on FHA loan documents and the 4506-T form, Mortgage Technology reports.
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Consumers lack credit score knowledge

As mortgage lenders nationwide have put tighter credit restrictions on applicants, the majority of consumers appear to have little knowledge of what contributes to their credit score.
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CoreLogic to debut CoreScore report

CoreLogic is set to premiere its new CoreScore Credit Report, which will help lenders gain a greater perspective on borrowers' credit histories, in Chicago next week at the Mortgage Bankers Association's annual convention.
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