Using rent payments to rebuild your credit Q: How can I set up a lease-to-own on a three-unit property and have it count on my credit report? A: I’m delighted that you asked this question, for several reasons. There are many, many folks out there who are trying to recover their finances and their credit …
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FICO’s quarterly survey of bank risk professionals found a reversal in the sentiment of U.S. lenders, with expectations for loan repayments more upbeat in the first quarter of 2012 than they had been during the previous quarter. The survey, conducted for Minneapolis-based FICO by the Professional Risk Managers’ International Association (PRMIA), found fewer lenders anticipating …
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Half of refinance applications are abandoned or rejected, as are 30 percent of purchase mortgage applications, according to the Mortgage Bankers Association. All told, the Federal Financial Institutions Examination Council (FFIEC) says that well over 2 million mortgage applications were rejected last year. Want to avoid falling into that number? It’s tough — especially in …
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Five reasons near-record low rates are out of reach for some CHICAGO (MarketWatch) — Mortgage rates are near historical lows, but the rates lenders are quoting you aren’t as eye-popping as those you see in the news. When your vacation home becomes everybody’s home Buying a retirement or second home might sound like a great …
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