Fannie and Freddie will stick with FICO formula for at least two more years

Very well written article.

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Virginia universities hit students with whopping collection fees for unpaid tuition

“Always check with the presiding laws in your state.  Alot of times they are clear about how much a collection agency can charge as a fee.  Many time collection agencies will charge a percentage, or fee, that is way beyond what is allowable in that particular State”

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Lawsuit claims Portland State debt collector violated state, federal law with ‘excessive fees’

“here is an example of a collection agency with a name thaty sounds like a law firm.  but remember even if they are a law firm, if they are engaging in the practice of debt collection, they are a debt collector.  therefore, they must adhere to the FDCA and other regulations just like any collection agency.  Another lesson why you cant just assume that because a debt collector sends you a bill, that it is valid and compliant.”

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How to respond when a debt collector contacts you in three easy steps

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LexisNexis® RiskView™ Liens & Judgments Report Delivers New Confidence for Home Mortgage Lenders and Limits Risk

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“As we are all aware, as of July 1st, the 3 Credit Bureaus were purging most public record info. Anything that did not contain a SS# and DOB, was being deleted. However, you may be noticing that Public Records, some that were not even reporting previously, are now showing up on your mortgage reports. You may also notice that they are not showing as reported by any of the 3 Credit Bureaus, which would be indicated by a TU, EF, EQ, BX, BQ, TU or some variety of that. They are showing as being reported by “BL”, or some variation of that. The “BL” is code for “Borrower” and “Lexis” See below:

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ACCESS TO CREDIT STAYS TIGHT AS FICO SCORES DROP

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