Archive for the Credit Scoring Category

Fannie Mae adds Speed Bump Prior to Funding Your Mortgage

Rhonda Porter on 06 2, 2010 | 18 Comments

Fannie Mae adds Speed Bump Prior to Funding Your Mortgage

[caption id="attachment_9562" align="alignright" width="300" caption="photo compliments of veggiefrog via Flickr"][/caption] Effective on loan applications taken on June 1, 2010 or later, Fannie M

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How Does a Short Sale or Foreclosure Impact Your Credit

Rhonda Porter on 12 4, 2009 | 6 Comments

Ardell posed a question on her last post about credit scoring that I've been meaning to address here at Rain City Guide on how credit scores are impacted by short sales or foreclosure.    When I wa

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How much is your credit score damaged by ?

ARDELL on 12 4, 2009 | 15 Comments

How much is your credit score damaged by ?

Did you know that if you have a credit score of 780 or higher, you might damage your score more from a single 30 day late payment, than a 680 score person might get dinged for a Foreclosure? Sad but t

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Lending Woes: A Deeper Consumer Analysis

ARDELL on 12 29, 2008 | 56 Comments

This may seem like an odd analogy, but I remember this story about my Mom when she was having her 7th baby.  She was in "a ward" with only curtains drawn around each bed.  She overheard some people

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