FICO Scores Not a Simple Concept to Grasp

"Does the Mortgage Industry Rely Too Heavily on Credit Scoring Models?Few factors affect the mortgage lending process as much as a borrower's credit score.Mortgage bankers and their Wall Street counterparts have long relied on the FICO score to judge the ‘credit worthiness’ of the borrower. For individual borrowers, their credit score at the time of loan application has a major influence over the