Mortgage Information : Credit Rating
Here you can get an idea of where you might stand with your credit rating.
A+ to A- Considered the best credit rating. FICO scores are generally 620 and up with no lates on mortgage and one 30 days late on revolving or installing credit. No bankruptcy within past 2-10 years.
B+ to B- General good credit with FICO scores from 581 - 619. Two or three 30 days late on mortgage and two to four 30 days late on revolving or installment credit. Cannot have any 60 day lates. Must be 2-4 years since bankruptcy discharge.
C+ to C- Fair credit with FICO scores from 551-580. Three to four 30 days late on mortgage are allowed. Installment or revolving credit can have four to six 30 days late or two to four 60 days late. Must have 1-2 years since bankruptcy discharge.
D+ to D- Overall poor credit history with FICO scores from 550 and lower. Two to six 30 days late on mortgage or one to two 60 days late, with isolated 90 days late. Revolving and installment lates show poor payment record with pattern of late payments. Possible current bankruptcy or foreclosure allowed with all unpaid judgments to be paid with loan proceeds. Must have stable employment.
Click Here to read more about your credit rating, scoring and repairing.
Champaign keeps its AAA credit rating - CHAMPAIGN ? Despite investors' wavering confidence in the nation's and state's ability to pay their bills, the city of Champaign is maintaining its high credit rating. Fitch Ratings this week affirmed the city's AAA credit rating, which is the highest attainable by a government agency and keeps interest payments low when the city issues debt. read more
Canada imposes new oversight on credit rating agencies - Canadian regulators are keeping a global post-crisis pledge to establish oversight for credit rating agencies
Illinois AG sues S&P over mortgage ratings - Lawsuit: S&P issued inflated ratings to boost market share The nation's largest credit agency, Standard & Poor's, violated Illinois law when it assigned its highest credit rating to risky mortgage-backed investments in the years leading to the collapse of the housing market, Attorney General Lisa Madigan alleged Wednesday.
Poland Deserves 2012 Credit-Rating Increase, Deutsche Bank?s Kalicki Says - Poland deserves an increase in its credit rating this year as economic growth helps boost investor confidence, said Krzysztof Kalicki, the chief executive of Deutsche Bank AG?s local unit said.
Credit rating drop means higher borrowing cost for capital improvement - Taking out loans for the Village of Lombard got a little more costly this month, when the Standard and Poor?s downgraded the village?s credit rating from an AA rating to a BBB rating.
Credit raters' broken image - So many times when the big credit-rating companies have embarrassed themselves, the world has sighed and chalked it up to a business model that by design invites corruption and incompetence. Perhaps never before have the public's expectations for the industry been lower.
Time to take control of the credit rating agencies | Aditya Chakrabortty - Credit rating agencies keep getting it wrong but still make billions. Why don't politicians stand up to them? One point of view has counted more than any other in Europe over the past few days. After deciding on Friday night that France should be stripped of its top-of-the-range AAA credit rating, the agency Standard & Poor's has faced a lambastin g from EU commissioners. It has heard wheedling ...
Gazette.Net: Franchot pushes financial literacy graduation requirement - When Jack Smith, superintendent of Calvert County Public Schools, graduated from high school in 1975, he wasn?t thinking about his credit rating or a home mortgage.
Quincy School District's credit rating improves - QUINCY, Ill. (WGEM) -- The Quincy School District's credit score has improved. The district used to be a BBB negative rating with a negative outlook, but now the district is rated BBB with a positive outlook. The
Brits put credit ratings at risk - More than one in six (17% or 8 million) Brits missed a payment for at least one bill in the past 12 months, potentially putting their credit profiles at risk.
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