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Articles tagged with: credit report

Week in Review »

[2 Jun 2013 | No Comment | 1,658 views]
Week in Review (May 26-June 1)

It’s the start of a new week, so that means it’s time to take a look at what went on last week here at First Arkansas News through our Week in Review series. It would be an outright tragedy if our tens of fans missed a post or two, so we rehash revisit our most resent stories as a matter of convenience. And, oh yes, we covered a lot of ground last week — we did a little something to honor veterans on Memorial Day, paid a visit to the …

Business, News, Real Estate »

[29 May 2013 | 5 Comments | 10,329 views]
Your credit history and tightening lending standards

Just a few short years ago, getting a loan for everything from homes to cars was a comparatively easy process. That’s changed a bit and especially when it comes to mortgages, hasn’t it?
So, what happened? The subprime lending market died a sudden death in 2007 due to high default rates leading to foreclosures and financial chaos. Banks responded by tightening lending standards on most consumer loans.
The impact of those new measures — some taken by the industry and some put in place by government regulations — is that a high …

Business, Columns and other comments, Features and such, News, Real Estate »

[22 Jan 2012 | One Comment | 2,395 views]
What’s impacting your credit score?

A good credit score has always been important for anyone wanting to take out a mortgage, but it is a critical requirement for borrowers these days.
Remember a few years ago when taking out a mortgage was easy? If a lender decided a borrower was too risky, the potential homebuyer could likely find a subprime lender or a banker offering some loan options designed to get people with less-than-stellar credit into a home.
After a few years of somewhat freewheeling lending practices, we saw a lot of defaults starting around 2007. Some …

Business, News, Real Estate »

[9 Jul 2011 | One Comment | 2,421 views]
Keep an eye on that credit

It’s no secret – getting a mortgage these days is a bit tougher than it was in the not too distant past.
We should all be aware of the reasons for tighter lending requirements by now – relaxed standards led to a number of risky, subprime mortgages hitting the market resulting in a slew of foreclosures. The response to those foreclosures involved a number of reforms generated by both the financial industry and the government.
The end result, of course, is that good credit is as important now as it ever has …

Business, News »

[18 Nov 2010 | One Comment | 1,498 views]
Robards named to national board

Mike Robards, executive director of CCOA, has been named to the first Board of Trustees of the National Foundation for Credit Counseling (NFCC).
CCOA (Credit Counseling of Arkansas) is based in Fayetteville but has offices throughout the state.
“The NFCC’s new Board combines the credit counseling experience of seasoned NFCC Agency CEOs with the outside perspective of incredibly talented executives from a wide variety of disciplines, providing us with a powerful team that few organizations can match,” said Susan C. Keating, NFCC president and CEO.  “I look to this Board to bring …