More Banks Lower FICO Score Requirements

More banks are lowering minimum FICO score requirements in an attempt to shore up lending for underserved borrowers.

Carrington Mortgage Services is the latest company to announce that it has lowered its minimum FICO score to 550. It also has expanded guidelines on several FHA, VA, and USDA loan programs to aid those with FICO scores below 640.

Wells Fargo, the nation’s largest mortgage lender, said in February that it was lowering its minimum FICO score requirements on FHA-backed mortgages from 640 to 600. The move, bank officials said, was aimed at “opening up our credit box more.”

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Subprime Lending Making a Comeback?

“There needs to be a solution for people who don’t fit in the box

enders are returning to the subprime market – although still at only a fraction of what subprime lending was before the mortgage crisis, BusinessWeek reports.  

Some subprime lenders that collapsed during the financial crisis are coming back into business with new nonprime loan offerings. 

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Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Justice Dept. Faulted in Mortgage Fraud Probes

Justice Dept. Faulted in Mortgage Fraud Probes

Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

8 States With the Most Mortgage Fraud Cases

8 States With the Most Mortgage Fraud Cases

Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Mortgage Fraud Down, But New Schemes Arise

Mortgage Fraud Down, But New Schemes Arise

Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Baird & Warner Launches New Mobile Application « Baird & Warner

Baird & Warner has launched a new mobile application that works with a mobile device’s GPS to provide the most up-to-date listings, open houses and recent price reductions based on the user’s current location. The application is available for free download in both the iTunes App Store and Google Play Store.

Baird & Warner Launches New Mobile Application « Baird & Warner

Moving-Up? Do it NOW not Later

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Neal Paskvan is a full time Realtor specializing in Downers grove,





















Darien,Woodridge, Westmont and Du page county Real Estate