Correction – Fitch: Large U.S. Bank Ratings Vulnerable to GSE Mortgage Loan Repurchases

Correction – Fitch: Large U.S. Bank Ratings Vulnerable to GSE Mortgage Loan Repurchases NEW YORK–(BUSINESS WIRE)–(This is a correction of a release issued earlier today. It provides additional information in the first paragraph and revises the annualized pre-provision net revenues amount in the fifth paragraph.) Recently, the main housing government sponsored enterprises (GSEs) Fannie Mae [...]

The Importance of Credit Ratings When Applying for a Home Equity Loan

When applying for a secured loan credit ratings help the lender get a better picture about the consumer’s ability to manage payments. The higher the credit score is the lower interest rates the lender will quote. Obviously not everyone has perfect credit. Lenders know that but they must quote higher rates because of the extra [...]

How Do Credit Ratings Affect a Home Equity Loan Rate?

Bad credit ratings always have some sort of bad impression on lenders when applying for a loan. Naturally, your best interest is to obtain Prime rates, but due to bad credit ratings your mission is almost impossible. You may still find lenders in the sub prime market that will offer you decent rates, if you [...]