Connecticut industry appointments update - 11/26/2007

Nov 25, 2007

Fair Isaac and PRBC enhance credit risk toolsMortgagePress.comCredit risk software Fair Isaac Corporation and Payment Reporting Builds Credit (PRBC) have teamed to deliver PRBC Credit Report with FICO Expansion Score, a comprehensive credit risk management tool that U.S. mortgage lenders can use, when assessing the risk of applicants who have little or no traditional credit history. Fair Isaac Corporation is a provider of consulting services and enterprise decision management systems based in Minneapolis. For more information, visit www.fairisaac.com. Annapolis, Md.-based PRBC is a credit information repository that collects, verifies and scores rental and bill payment data. For more information, call (877) 772-2123 or visit www.prbc.com.

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Nov 25, 2007

Analysis and Data

Homeownership Slips Further Away For Californians

Only 18% of Californians could afford a median-priced home in 2024, with affordability gaps persisting across ethnic groups

Buying a home in California became even harder across all ethnic groups last year, as surging mortgage costs pushed affordability further out of reach, according to the California Association of Realtors (C.A.R.). Only 18% of Californians earned enough to purchase the sta...

Analysis and Data

Mr. Cooper Shrinks Originations But Strengthens Borrower Retention Ahead Of Rocket Merger

Loan production fell 10% in Q1, but purchase share climbed and borrower recapture hit 51% amid broader strategic realignment

Mr. Cooper Group reported first-quarter 2025 results that reflect a mixed environment for mortgage production and servicing, as the company emphasized operational stability and strategic expansion despite a slowdown in origination volume. Loan Production Mr. Cooper fun...