Barry wrote:Hi All,Just a little food for thought and discussion....Today's Minneapolis Star Tribune reports that a mortgage lender and credit-rating agency have taken to blaming FICO scores for the rising number of subprime mortgage defaults in their article, Opinions differ on effectiveness of FICO score.Any opinions from the FICO scoring experts here as to the validity of this claim?-Barry
LadyFICO wrote:Then they have no doc no income verification based on score. So I could have a 760 or higher and make 28k trying to get into a 300k home. How can I pay for this? If that is your only income the answer is you can't!