Fair Isaac

The Hidden Credit Scores That Could Sink Your Finances

It's not hard to get copies of your credit report: You can even get them free from the major credit-reporting agencies. But each one of us has more than one credit score, and the one you're given may be very different from the ones lenders and other businesses actually use.

Banks Demanding Higher Credit Scores for Mortgages

Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating 6.3 million people from the potential home buying pool.

Loan Approval Rate Expected to Drop as Applications Rise

Approval rates for bank loans will likely fall as the number of applications increase over the next six months, according to a recent survey of banking professionals released today by Fair Isaac and Northwestern University's Kellogg School of Management.