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Personal Finance Daily: How last year’s housing market affected mortgage denials and what Fannie Mae, Freddie Mac using alternative credit scores means for potential homebuyers


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Fannie Mae, Freddie Mac to use alternative credit scores — what that means for potential homebuyers

The federal government has approved two credit score models, the FICO 10T and the VantageScore 4.0, for use by Fannie Mae and Freddie Mac. Read More

U.S. tosses 300 lbs. of plastic per person annually. Why we’re getting worse at recycling.

The U.S. tossed 51 million tons of wrappers, bottles and bags in 2021. Some 95% ended up in landfills, oceans or scattered in the atmosphere, says Greenpeace. Read More

Check out GMC’s new electric Sierra truck: up to 400 miles of range, luxury cabin

For the 2024 model year, GMC’s all-electric Sierra full-size truck will have up to 754 hp and can be used as a mobile power source, priced around $50K. Read More

How last year’s housing market affected mortgage denials

An analysis of the 7.1 million mortgage applications filed in 2021 reveals the hot housing market changed home loans in several dramatic ways. Read More

The 2024 Cadillac Celestiq is as absurdly over-the-top as a Caddy gets

The hand-built, battleship-sized electric car harks back to Cadillac’s most preposterous years. Is it practical? Stupid question. Does it come in pink? Read More

A bill in Congress wants to lower merchant ‘swipe’ fees, but will it kill your credit card rewards?

Legislation winding through Congress could kill the rewards and perks that cardholders have enjoyed for years. What it could mean for your wallet if it passes. Read More

Mortgage bankers expect rates to drop to 5.4% in 2023. Here’s what that means for home prices.

‘Our forecast is for home price growth moderation to continue,’ Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association, said. Read More

The ‘pandemic boom markets’ where home-price growth is slowing: Sacramento, Phoenix, San Francisco, and more

Housing markets across the country are seeing home price growth slow, led by Sacramento, Calif., according to a new report by First American. Read More

Earnings Outlook: Texas Instruments emerging as favorite after early chip earnings reports evoke sighs of relief

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