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few-years

740 credit score is mortgage sweet spot

Today's lowest mortgage rates and fees go to borrowers with credit scores of 740 or higher. This is a change from a few years ago, when a 720 credit score was good enough to merit the best deals. The fees are higher for borrowers with credit scores of 700 to 719, and they continue to kick higher for every 20-point drop. “What used to be great is now only good,” says mortgage broker Todd Huettner …

How Mortgage Pioneer Bill Erbey of Ocwen Lost His Empire

NEW YORK (TheStreet) — Bill Erbey made more than $2 billion building what looked like a better mousetrap for collecting mortgage debt, but much of that fortune vanished in 2014 and on Monday Erbey was forced to resign as chairman of five companies he oversaw. Even Ocwen Financial , the best known of Erbey's companies, isn't exactly a household name, but in just a few years it became the largest …