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Loan Modification

: Mortgage Lender Implode-o-Meter

FICO Spots Disturbing Trends in Consumer Credit Behavior

By Implode-Explode Heavy Industries

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"Reversing a long historic trend, mortgage default risk for consumers with high FICO(R) scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. The company observed a parallel rise in mortgage delinquencies for higher-scoring U.S. consumers."

Full post as published by Mortgage Lender Implode-o-Meter on February 23, 2010 (boomark / email).

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