Mortgage Loan Blog

What Happens During a Recession?
A couple different formal definitions exist for a recession. Here are a few popular ones:

Suggested by economic statistician Julius Shiskin in 1975, a recession is when the Gross Domestic Product (GDP) has two down quarters (i.e. shows negative Read more… …

Tags: Credit, Recession

A credit score is the score associated with a person’s credit report. This score indicates how well a person has managed his or her credit in the past. Various methods to score a person’s credit report exist. However, the most commonly used score is the FICO score. FICO stands for Fair [...] Read more… …

Tags: Credit, Credit Score