Though the FICO score is widely recognized as a powerful tool to determine an individuala#39;s credit risk, it is the product of a proprietary ... As a result, a score of 560 does not represent the same risk it did ten years ago, and it likely wona#39;t represent the same risk ten years from today. ... On a $200, 000 loan, this is an extra $320 (from $3, 000 to $3, 321) due at the closing table and an additional $100 (fromanbsp;...
|Title||:||The Expanding American Homeownership Act of 2007|
|Author||:||United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity|
|Publisher||:||Government Printing Office - 2007-01-01|