Links and Minifeatures 01 04 Friday (47?)

By Dan Melson on January 4, 2008 3:30 PM | Permalink | Comments (0)

Here;s a good page covering the due on sale clause of mortgages.

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While I'm at it, Default Lines: The New Math Of Credit Scores

Two people with the same FICO score currently could see their scores diverge under the new system. One possible reason: FICO 08 gives more points to consumers who maintain a variety of credit types, such as credit cards, a mortgage and auto loan, because it shows they can manage payments on different kinds of loans. On the other hand, the new scoring system penalizes to a greater degree borrowers who use a high percentage of their available credit.

So maxing your credit cards will hurt more, as will serious and repeated delinquencies. They're also closing the "authorized used" method of credit repair, despite the fact that it may hurt some legitimate users, as it has been abused too much. No word yet on whether they've implemented the massive hit for negative amortization loans they've been talking about.

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Scotland Yard Joins Bhutto Probe

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I have a hard time believing anybody really falls for a "pump and dump", but here's evidence they do: "Spam king" indicted in stock fraud scheme

$3 million in the summer of 2005 alone. That's a lot of cheez whiz. And every penny made from suckers who thought they were getting something for nothing.

Almost makes me want to invent a Santa Claus con...

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