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Loan Modification

: The Truth About Mortgage.com

Mortgage Lenders Raise Credit Score Requirements on FHA Loans

By scot184

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Both Wells Fargo and Bank of America, the top two residential mortgage lenders in the nation, have raised minimum credit score requirements on FHA loans, according to Bloomberg. The pair raised the minimum Fico score to 640 from 620 on FHA-insured loans they buy from other mortgage lenders. Per Fico, there are roughly 6.3 million Americans that [...]

Full post as published by The Truth About Mortgage.com on November 17, 2010 (boomark / email).

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