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 … Continue reading

Low Inventory Leveling North Texas Home Sales

Low Inventory Leveling North Texas Home Sales A shortage of houses on the market is keeping a lid on North Texas home sales in 2014. So far this year, home sales are unchanged from 2013 levels — a dramatic turnabout from months of double-digit sales gains. “Sales cannot increase significantly because of the lack of … Continue reading