June 10: AE, LO, MI jobs; credit, verification, database, retention, broker tools; FTC penalty; cost of living increases
“Rob, everyone knows that the GSEs (Freddie Mac and Fannie Mae) don’t use credit scores for loan approval. They use it for pricing. The GSEs have created their own scoring system and it’s just the investors that utilize the score.” True dat. It takes a while to test the impact of credit scores on defaults,…