Fair Isaac

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.

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.

Most financial experts agree that routinely checking your credit reports is a smart idea. If you ask those same experts about credit monitoring services, however, you'll likely get a lot of eye-rolling and negative comments. Critics have three primary complaints about credit monitoring. They say...

At a time when it's so important for consumers to monitor their credit scores, Experian, one of the three credit reporting agencies, has decided consumers are not entitled to see their FICO scores based on their Experian credit file. I did call Experian's press office for a comment, but have not...

Buying anything that requires credit is harder than it used to be. Banks who used to send credit card and mortgage refinancing solicitations on an almost daily basis have ratcheted up their lending standards, making borrowing more difficult for the most stalwart of consumers.Deals, though, are...