Fair Isaac (aka FICO) just gave us a new mortgage gift — a price hike! Instead of $3.50, lenders are now paying **$4.95 per score**. For a typical loan, that’s **$18 extra** if they pull credit twice for two borrowers. ??
And here’s the kicker: FICO’s price jump doesn’t end there. Credit bureaus pile on their own mark-ups too! It’s like a never-ending price ladder, each rung just a little more painful. ?? And guess what? Lenders don’t get to shop around — it’s FICO or bust. The government mandates it! ??
As Bob Broeksmit from the MBA puts it, “This hike hurts everyone, especially consumers.” Borrowers pay higher fees when loans close, and lenders are left covering costs when deals fall through. 83% of pulled reports don’t even lead to a closed loan!
FICO’s comeback? "It’s just pennies, like your morning coffee!” ? But pennies add up, FICO! Lenders are calling on the CFPB and FTC to investigate this price-hiking monopoly. ?? #MortgageBlues #FICOFees #HelpUsCFPB
---
?? **Sunday’s Sports Domination: Patriots Sack Attack & Celtics Comeback!** ??
**Patriots Defense Goes Wild:** Drake Maye and the Patriots' defense turned Soldier Field into a sack fest, taking down Caleb Williams *nine* times and cruising to a 19-3 win! Maye led five scoring drives, while Anfernee Jennings and Deatrich Wise each pulled in two sacks. Fans in Chicago were chanting “Fire ‘Flus!” as the Bears’ struggles continue. ?? #PatsNation #BearsBlues #RookieShowdown
**Celtics Rally Over Bucks:** Jayson Tatum racked up 31 points and 12 rebounds, helping the Celtics turn a 9-point halftime deficit into a 113-107 victory over the Bucks. Despite Giannis’ 43 points, Boston dominated the second half, giving New England sports fans a perfect Sunday double! ???? #BleedGreen #BostonStrong
From credit score hikes to sack fests, this weekend had something for everyone! Tag a friend in mortgage (or a fellow Boston fan!) who could use a laugh… and maybe a loan. ??
Enter your email, subscribe to our newsletter and stay informed!
