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Tag Archives: homeowners

Low Credit Score May be Keeping Many Renters from Homeownership

An analysis of millions of credit reports comparing financial behavior patterns of those who currently rent and those who have a current mortgage revealed that tens of millions of renters might not qualify for a mortgage due to a low credit score—and that a large share of renters have other outstanding debt that is currently in collections.

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Wells Fargo Names New Head of Mortgage Production

Wells Fargo has named Michael DeVito head of mortgage production, effective October 1, 2015. Devito will succeed Franklin Codel, whom will now serve as head of mortgage lending at Wells Fargo Home Lending, the company said last month.

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