Dallas Mortgage Loan Nixed? Key Factors to Lower your Credit Scores

"One such company, Lenddo, determines if you’re friends on Facebook with someone who was late paying back a loan to Lenddo. If so, that’s bad news for you. It’s even worse news if the delinquent friend is someone you frequently interact with. Aside from the friends you keep on Facebook, other not-so-obvious factors can also negatively affect your creditworthiness. Below are a few things that can cause an unexpected dip in your FICO score and get your Dallas mortgage loan rejected:"

http://dallas.churchillmortgage.com/industry-news/dallas-mortgage-loan-nixed-key-factors-to-lower-your-credit-scores/

Battling Mortgage Fraud With Reputable Dallas Mortgage Lenders

"A study spearheaded by global credit report company Experian revealed that cases of mortgage fraud are increasing at a rapid rate. Harder economic conditions and a stricter criteria for obtaining a mortgage are being seen as two possible reasons why borrowers resort to such dishonest behavior. While many would find the news alarming, others consider this a good thing, as the identification of those guilty of mortgage fraud will hopefully raise awareness on the matter and encourage vigilance among lenders and borrowers alike. Due to the increase in mortgage fraud, lenders have began to tighten tests and checks before approving applications. A worsened economic climate has also made mortgage brokers look more closely into the applicants' income and source of wealth. These are only some of the positive impacts of mortgage fraud incidents to reputable Dallas mortgage lenders and their peers in other areas."

http://dallas.churchillmortgage.com/industry-news/battling-mortgage-fraud-with-reputable-dallas-mortgage-lenders/