Mortgage America honored by PHFA and other company news

by admin on May 12th, 2016

filed under Uncategorized

Creditsafe, headquartered in Allentown, supplier of online business credit reports, announced it has extended its global database to include critical information on more than 190 million private and public companies in the farthest corners of the world

Has the Fed Bankrupted the Nation?

by admin on April 26th, 2016

filed under Uncategorized

Volcker, Greenspan, Bernanke and Yellen. Which one does not belong? Logic dictates that Volcker should have been odd man out. After all, there is no legendary Volcker Put.

Full Finance Now Offering Title and Registration Loans for Underbanked Consumers

by admin on April 25th, 2016

filed under Uncategorized

Poised to become the premier bad credit loan solution in the U.S., Full Finance is not a bank, but has the financial capacity of one.

What Is the Range for Credit Scores?

by admin on March 5th, 2016

filed under Credit Scores

What is a good credit score?

Fair Isaac Corp. produces the most commonly used credit scoring algorithm in the United States. FICO scores range from 300 to 850, and the higher the score, the better.

Each lender sets its own standards for what constitutes a “good” FICO score. But, in general, FICO scores fall along the following lines:

  • 300-629: Bad credit
  • 630-689: Fair credit
  • 690-719: Good credit
  • 720 and up: Excellent credit

The average FICO score was 695, according to the latest data as of April 2015.

But there are several commonly used credit scores, not just FICO. The increasingly popular VantageScore also...

Cities With Lowest, Highest Credit Scores

by admin on March 5th, 2016

filed under Credit Scores

Borrowers in the city with the highest credit scores pay interest rates on mortgages that are 29 basis points less than borrowers in the city with the lowest scores.

The highest average credit scores of any metropolitan statistical area last year was 673. That was in the San Francisco-Oakland-Fremont, California, MSA.

The No. 2 MSA, which also had an average credit score of 673, was the
San Jose-Sunnyvale-Santa Clara, California, MSA. The area includes Silicon Valley.

Moody’s Assigns Aa3 to Logan County Public Prop. Corp., KY’s $7.7M First Mortgage Refunding Revenue Bonds

by admin on March 4th, 2016

filed under Below Average Credit

New York, February 04, 2016 — Issue: First Mortgage Refunding Revenue Bonds (Justice Center Project), Series 2016; Rating: Aa3; Sale Amount: $7,650,000; Expected Sale Date: 02-17-2016; Rating Description: Lease Rental: Appropriation

Summary Rating Rationale

Moodys Investors Service has assigned a Aa3 rating to $7.7 million Logan County Public Properties Corporation, KYs First Mortgage Refunding Revenue Bonds (Justice Center Project), Series 2016. The bonds are expected to price on or around February 17. The outlook is stable.

The rating is based on the credit quality of the Commonwealth of Kentucky (issuer...

Southwest Solutions, JPMorgan Chase and Mission Asset Fund Launch Peer Lending Circles to Boost Credit Scores of …

by admin on March 3rd, 2016

filed under Credit Scores

DETROIT, Jan. 28 /CSRwire/ – Southwest Solutions, JPMorgan Chase amp; Co. and Mission Asset Fund (MAF) today announced the launch ofLending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans. Participants make monthly loan payments and take turns receiving zero-interest social loans, ranging from $300 to $2,500. All loan payments are reported to credit bureaus, enabling participants to build a credit history, raise credit scores and work towards greater financial stability.

MAFs award-winning Lending Circles are a fresh take on social lending, helping participants build credit while increasing assets and improving...

10 American cities with the best credit scores

by admin on March 2nd, 2016

filed under Credit Scores

Marcio Silva/iStockphoto

Earning a high credit score can open doors — literally.

Americans with good or excellent credit scores have an easier time qualifying for mortgages, renting apartments and finding lower interest rates for all types of loans.

Credit scores between 690 to about 720 are considered good, while people with scores above 720 to the maximum of 850 are viewed as excellent borrowers. While individuals receive their own credit scores based on their history with handling debt, certain types of credit scores tend to cluster by ZIP codes, according to recent research by Credit Sesame....

7 Steps You Need to Take Before Buying a Car in Dallas

by admin on March 1st, 2016

filed under Below Average Credit

This content is sponsored by Air Force FCU, which serves the diverse needs of members worldwide with a full array of financial services. The credit union serves service members from all branches of the military, Department of Defense, National Guard and their families.

Whether you work in downtown Dallas or commute to a job in the Fort Worth Stockyards, you likely rely on your car to get around this sprawling Metroplex. If you’re in the market for a new or used car to drive around Dallas, take these seven steps to get the best auto deal possible — and maybe even save some cash for Dallas Cowboys tickets.

Related: Why Paying Off Your Auto Loan Early Doesnt...

​The financial missteps that could doom your love life

by admin on February 29th, 2016

filed under Credit Scores

A secure financial footing has benefits far beyond staying out debt: it can also strengthen your love life.

Researchers are increasingly finding a link between a persons financial health and their relationships, with stronger finances linked to a better romantic outcome. Americans with higher credit scores are 14 percent more likely to find a partner within the next year than those with scores about 100 points lower, the Federal Reserve found last year.

Starting with the first date, people are seeking financial clues about each other, such as their professions or whether they graduated from college, which can be an indicator of income. As relationships progress, that can develop...