PART ONE
The Credit
Scoring Site

A bleak account
PART TWO
creditaccuracy.com
Dirty Data
Google
Web     creditscoring.com     creditaccuracy.com


PART TWO
creditaccuracy.com
Dirty Data

creditscoring.com
in the media

HowStuffWorks
washingtonpost.com Federal Reserve
Chicago Tribune
Christian Science Monitor
Columbus Dispatch
Augusta Chronicle
Bankrate.com
Bankrate.com
Realty Times
Realty Times
Newsweek
Nolo
privacyrights.org
Nolo: Credit Repair
Clark Howard, 4/16/03
About.com
MoneyCentral Radio
The Detroit News, 7/17/00
Money Maze Radio
USA Today Hot Site, 9/17/98

The Actual Use

Where the rubber meets the road - Real-life exapmples

(Also, see Credit scores in mortgage lending underwriting)
  • California Housing Finance Agency: "A minimum score of 620, or a score approved by Desktop Underwriter/Loan Prospector (DU/LP) is required to form the basis of eligibility for CalHFA conventional loan programs and mortgage insurance." (2006) ( Rates)


  • Empire Mortgage Silver Series Rate Sheet, 5/6/06


  • Freemont Investment & Loan Wholesale Rate Sheet, 8/2/06 (dead link as of 10/28/07, was at http://www.1800fremont.com/wholesale/rates/WesternRS.pdf)


  • Current Rate Sheet, Goloan Mortgage Banking


  • Lending Tree: "On the basic FICO scale, a score below 620 is generally considered sub-prime, 620 to 650 is good (although you may still be viewed as a higher risk candidate) and above 720 is seen as excellent credit."

    See the credit score distribution and default rates (620 is in the 31% delinquency category, while 720-- which is even below the 723 median average-- is in the 5% category!), and Fair Isaac's comment: "But no score says whether a specific individual will be a “good” or “bad” customer." Also, What is a good credit score?


  • Tejas Scion: "zone 4 Fico 620 and Under" (update, 10/27/07: "zone 4 Fico 649 - 630")


  • Freddie Mac: Selecting an Indicator Score - "... over 660" (now a dead link; was linked to http://www.freddiemac.com/learn-uw/automate/customer-news/pdf/indicator.pdf)

    Now, see the Freddie Mac document "Selection and Use of Credit Scores," April, 2005. (8/06)
    (10/27/07, now a dead link, was at http://www.freddiemac.com/learn-uw/automate/customer-news/pdf/indicator.pdf)

    Now, see http://www.freddiemac.com/learn/uw/pdfs/qrefs/credit_scores.pdf

  • "A credit score of 620 is the minimum score needed to get the best interest rate for your mortgage loan."
  • (Now an inactive domain; was linked to http://www.hometownmtg.com/html/articles.htm, 8/06)

  • PIGGY-BACK SECOND MORTGAGE
  • (now an inactive link; was linked to http://webserver.headmort.com/lpm/HH-AQ-32.TXT, 8/06)

  • Rate Sheet
  • (now an inactive link; was inked to http://www.downpayment.com/rates.html, 8/06)

  • 100% Financing (a shadow of its former self; link was to http://www.mortgageok.com/expandprem.html, now just a bunch of ads, 8/06)


  • Credit Scores Explained (was a link to http://207.240.88.120/credit_scoring.htm; domain no longer exists, 8/06)


  • FHA FNMA RFC Product RFC Expanded RFC Alternate RFC Core Indy Mac First Nationwide - ("A1 Credit Quality" = "720+ Credit Score") (was a link to http://www.crosslandmortgage-ny.com/rfccore.html; now, just a lot of ads, 8/06)


  • Irwin Mortgage Corporation -- News Letter - "... a borrower must have... a credit score in excess of 620. The eligible loan amount is determined by a borrower's credit score... " (now, just a domain full of ads; was a link to http://www.inlandmortgage.com/news.htm, 8/06)


  • Credit Scores and How They Affect You (now a dead link; was to http://www.paramountfinancial.com/creditscore.html#quest4; 8/06)


  • Fannie Mae FIXED RATE MORTGAGES (now a dead link; was to http://www.monument.com/pdfnma2.htm; 8/06)


  • What's New (now a dead link, was to http://www.1stcaliber.com/ssituations.htm; 8/06)


  • Credit Grading (was to http://www.1stbuyer.com/credgrad.htm, now just a bunch of ads; 8/06)


  • MortgageBase Credit and Income Guidelines


  • Beacon Pricing Guidelines (dead domain, was a link to http://www.ourtownusa.net/~slrlthr/beaconpricingguidelines.html>


  • U.S. Mortgage Corporation:Approval-Qualify (dead link, was to http://www.usmtg.com/usmc_approval_qualify.htm; 8/06)


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