A Good Understanding of Mortgage Backed Securities

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Mortgage backed securities are one of the important reasons for the fast pace growth of real estate industry. Hence it is very important to have a good understanding of mortgage-backed securities Mortgage backed securities are very important bonds. Investors buy the interests of the mortgage security and the monthly payment of the mortgage acts as [...]

FICO Score 101

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Most people have heard of the FICO score, but don’t really understand what it is. This is the mysterious score that creditors and lenders talk about in regards to credit approval. What exactly is this score and how is it determined? The FICO score is named after the Fair Isaac Corporation, which is the organization [...]