Get Your Buyers to Boost Their Credit Scores Before All Else
Is it worth focusing on credit improvement before buying a house? Borrowers should consider three questions.
Bank Collaborations, AI Ahead in 2022
Innovations coming in the next year could include enhancements to digital onboarding, internal processes and artificial intelligence, with some of these enhancements coming out of bank collaborations.
Survey: Digital Processes Could Challenge Even Young Adults
With banks and credit unions continuing to accelerate the adoption of digital banking tools, some customers might still be uncomfortable with the technology – even young adults.
Would You Pay Your Bank to Advise You on Big Purchases?
A recent study found Millennial consumers are willing to pay for a range of financial services that most banks and credit unions don’t offer – but which these consumers wish they did.
Survey: Most Consumers Satisfied With Bank Support
Most consumers have been satisfied with the level of support provided by U.S. banks during the COVID-19 pandemic, according to a new study by global analytics software provider FICO.
Lenders Look to Remove Friction from Online Fraud Fight
The digital transformation that banking has undergone since March also created opportunities to fraud. In rolling out plans to fight this, though, banks have had to be careful not to turn off customers accustomed to the ease of one-click shopping.
As Bank Customers Move Online, Most Vulnerable to Fraud
With limited access to bank and credit union branches during the coronavirus pandemic, customers have turned to online and mobile banking tools. But a new study shows that consumers have not done enough to prevent fraud on their accounts.
New Financial Tools Offer a Boost to Credit Ratings
Here’s some good news for anyone whose credit scores aren’t quite as high as they’d like them to be: Three new financial tools have come to market – or soon will be available – that could give your scores a shot of adrenaline when you need it most.
Americans’ Credit Scores Hit Record High
Millions of Americans have a new record high average FICO score, and that’s positive news for homebuyers, sellers, lenders and the economy overall.
Relaxed FHA Requirements Provide Path for Would-Be Buyers
Is it easier today for homebuyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years?
‘Score Planner’ Tool Offers Customized Path to Better Credit
If you’re seriously thinking about buying a home in the months ahead, you almost certainly know how important your FICO credit score will be in getting a mortgage.
Escrow-Free Loans Raise Credit-Risk Questions
Do you really need an escrow account attached to your mortgage? Aren’t you capable of remembering when it’s time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess.
Bank Robberies Decline in Massachusetts and New England
Bank robberies decreased marginally in federal fiscal year 2017 from the prior fiscal year and declined in New England overall, according to data from the Boston division of the Federal Bureau of Investigation.
Mortgage Approval Could Be Easier Than You Think
So what does it take to get approved for a mortgage to buy a house this summer, whether you’re a first-timer, planning to move up or downsize? Maybe not all that you think.
Big Credit Score Boosts Ahead For Some
If you’ve heard that some people might get a magic boost to their FICO credit scores in the 10-point range – without having to do anything – you’re right. But hundreds of thousands of consumers’ increases will be much larger.
Sageworks: Bankers May Want To Retool FICO Storage
More than a third of bank and credit union professionals (34 percent) store consumers’ FICO scores on a monthly basis, but given the approaching requirements of CECL, they may want to rethink that approach, financial analysis firm Sageworks said recently.
When Will Fannie And Freddie Switch To A New Credit-Scoring Model?
You probably know that your credit score is a crucial factor in your ability to qualify for a mortgage.
