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Average score of mortgage *rejectees* is 760!

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    #1

    Average score of mortgage *rejectees* is 760!

    Guess What Tops Obama's New To-Do List?
    http://www.thefiscaltimes.com/Articles/2012/11/09/Guess-What-Tops-Obamas-New-To-Do-List.aspx#page1
    The election is over. After three feisty debates, hundreds of campaign stops, billions spent on ads and countless candidate "robo-calls," America has re-elected Barack Obama as Commander in Chief. Now the real work begins. The economy is eking out a half-hearted recovery, and housing is slowly beginning to perk up. However, unemployment remains at a stubborn 7.9 percent, investors are skittish and businesses are still reluctant to spend.


    The average credit score for applicants rejected for mortgages and refinances backed by Fannie Mae and Freddie Mac is now at 760, higher than the average score of applicants who were accepted in earlier years. “You have to have pristine credit, and it takes forever ..."
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    #2
    I moved this thread because the article is more political "news" than bankruptcy or mortgage "news".
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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