Wow! WHAT IS CHANGING? FICO scores on Credit are Changing?

According to the announcement last week FICO is changing the way they score credit reports for the purposes of lending for home buyers!

Excellent news for borrowers. I heard through the grape vine that it will now not account for medical related derogatory credit. That is great news!
Link to the announcement from the Realtor Association:
http://www.realtor.org/news-releases/2014/08/new-credit-scoring-calculation-will-improve-access-to-homeownership-say-realtors

Can't wait to see it in action!

Hope you are having an excellent day!
Sabrina

Sabrina Martin-Shamugia
Realtor (R)
Keller Williams Realty East Valley
sabrina.azre@gmail.com