Concierge Program - Victoria Robinson

Frost Mortgage Concierge Program on Display: Coldwell Banker Legacy

This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by Victoria Robinson with Coldwell Banker Legacy.

http://6213nuevaespanaroadnw.utour.me/

Concierge Program - Tara Hardern

Frost Mortgage Concierge Program on Display: Keller Williams Realty

This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by  Tara Hardern with Keller Williams Realty.

http://14916628_600marthastreetne.utour.me/

Concierge Program - Todd A. Havens

Frost Mortgage Concierge Program on Display: Berkshire Hathaway HomeServices ALLSTAR

This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by  Todd A. Havens with Berkshire Hathaway HomeServices ALLSTAR.

http://3713valenciaplace.utour.me/

New Credit Score Could Open Up FICO Scoring to 53 Million+ Borrowers

Fair Isaac Corp., the creator of FICO scoring, announced a new score they are developing that is intended to make millions of additional people credit worthy. Credit reporting giant Equifax and Lexis Nexis Risk Solutions are providing alternative data to include utility bill, cable bill and cell phone bill payment information.  This former “alternative credit” information now will have the potential of contributing to a credit report that could open up FICO scoring to more than 53 million additional potential borrowers who, for various reasons, have not previously been mainline users of credit, and thus, do not have a FICO score.  In the world of mortgage lending, no FICO score means no mortgage.

Fair Isaacs has partnered with 15 of the top US credit card issuers to agree to issue credit cards, based on the alternative credit score.  If the users don’t exceed card credit limits and pay as agree for only 6 months, they will then receive a standard FICO score.

This mortgage banker will watch the metamorphosis of the new FICO score, with great interest, to see just how accepting FHA, VA, Fannie Mae and Freddie Mac will be of this new “credit report”.

Forget about the congressional uproar over 3% down vs. 3.5% down payments.  This manipulation of the, up to now, sacred FICO score could dramatically skew credit assessment as well as risk analysis.

New Mexico Ranks #1 in Dependency on Federal Spending

2 National Labs, 4 Military Bases, Federal Ownership of 25% of the State's land along with Federal poverty programs, Medicare, Medicaid, Social Security payments, Agricultural subsidies, Forest Service management and the like keep New Mexico at the top of the list of states getting Federal money.

While this revenue has been welcome and at one time served as an economic buffer for the Land of Enchantment, its continuance can no longer be counted upon.  Federal budget cuts coupled with  the lack of seniority and key committee assignments of our current Senators and Congressmen has made New Mexico more vulnerable to the D.C. budget ax than at any time since World War II.

Concierge Program - Jammie Herrera

Frost Mortgage Concierge Program on Display: Berkshire Hathaway Home Services ALLSTAR

This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by  Jammie Herrera with Berkshire Hathaway Home Services ALLSTAR.

http://2401falescoroadse.utour.me/

Over 1 Million Homeowners Regained Home Equity Last Year

CoreLogic reports that 1.2 million homeowners, whose homes were previously underwater (their mortgages were higher than the value of their homes), gained an equity position in 2014.

All told, 44.5 million of the 49.9 million total of mortgaged homes now have equity.  CoreLogic forecasts that another 1 million will gain equity by the end of this year, after an expected 5% appreciation in 2015.

NOTE: Nearly ½ of the homes that are still underwater have a second mortgage.

Concierge Program - Ray J. Coca

Frost Mortgage Concierge Program on Display: Berkshire Hathaway Home Services New Mexico

This home has been enrolled in our concierge program. Take a look and see how we are helping get this property sold. Listed by  Ray J. Coca with Berkshire Hathaway Home Services New Mexico.

http://1812junestreetne.utour.me/