If you're looking for help on your current mortgage, you probably wouldn't think of turning to Fannie Mae. Although it's a giant in the real estate industry, Fannie Mae has always focused more on lenders and securities, and less on individual homeowners. So I was thrilled to learn that Fannie Mae just launched a new website for people struggling to pay their mortgage. The site helps visitors clearly understand their options so they know what to do to stay in their homes. I highly recommend it.
As a parent of two college-age students, my idea of "back to school" has clearly taken on new meaning since I left for college in the late 1960's. Back then, tuition was $50 a semester, the plane ride from my home in Los Angeles to college in San Francisco was less than $20, and the only "card" in my wallet was a military draft card. And when I arrived on campus, there was neither a Bankamericard rep sitting at a card table offering me free pizza and a t-shirt for opening an account, nor did I know that 25 years later I would be concerned about something called a FICO credit score.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.