CNN's Lisa Sylvester reports Newt Gingrich accepted hundreds of thousands of dollars from a troubled mortgage giant.
FICO, maker of the scoring fromula most widely used by U.S. lenders.In 2009, consumers with FICO scores from 760 to 789 defaulted on real estate loans at a rate 200 percent greater than credit-card loans, or 0.3 percent of consumers compared with 0.1 percent, the Minneapolis-based company said in a statement today. FICO considers borrowers who are more than 90 days delinquent to be in serious delinquency or default.“This used to be a problem for subprime,” said Mark Greene, chief executive officer of FICO, in an interview Feb. 19 on Bloomberg Television in New York. “Now we’re starting to see at the high end of the marketplace, people with good FICO scores, having serious delinquency problems.”
All Democrats. And not a single one is running for president.
What about Obama friends Franklin Raines, Chris Dodd and Barney Frank and all the $$$ they made off Fannie Mae? Oh, yeah, I forgot, they are Democrats.
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