Member Newsletters
Member Newsletters are published and distributed monthly in PDF format. Can't locate your copy? Get a download here or read it online.
Newsletters
Requires
Adobe
Acrobat Reader
Dayton MBA Events
See what's happening and where with the Dayton MBA.
View Schedule
RSVP for Member Meetings
Online registration for a DMBA event, it's never been easier!
RSVP Online
Other Ohio MBA Events
See what's happening and where with the Ohio MBA.
View
Schedule
DMBA Photo Gallery
See photos of events held by DMBA beginning 2009
View
Photos
January 2008 - Volume 11, Issue 1 - Page 2
2008 DMBA Officers
President |
Anna Osborne, National City Mortgage |
|
President-elect |
Bill Brogan, Legacy Mortgage |
|
Treasurer |
Scott Bernard, DS Real Estate Consulting, Inc. |
|
Secretary |
Karen Vosler, Union Savings Bank |
|
Board Members |
||
|
Holly Hutchison, Southern Ohio Mortgage, LLC |
|
Cabinet |
Clark Davis, Davis Appraisal |
|
Past President |
Chris Gibbs, Union Savings Bank |
|
Membership
One new application has been approved for State Farm Insurance - Jeff Mundy.
Prospective members can obtain an application from Holly Hutchison, membership chair, or any DMBA officer or board member.
Any member with a comment concerning the pending admittance of any companies, positive or negative, should contact Holly at Holly.L.Hutchison@SouthernOhio MortgageLLC.com.
FICO SCORING TO CHANGE THIS SPRING
By Betty Downing, First Mortgage Banc
Fair Isaac Corp (FICO Credit Score) has developed a new scoring model which is promising to do a better job at predicting defaulting. The new scoring model (FICO 08) is expected to be effective this spring.
Authorized user accounts under FICO 08 will negatively impact the people who give a credit card to a spouse or child. The change is aimed at stopping individuals who have poor credit from piggybacking off of someone’s good credit. FICO 08 will not take into consideration credit card accounts for an authorized user but will hurt the legitimate users.
FICO 08 will be giving more points to borrowers with variety of credit types, draw greater distinctions in seriously delinquent accounts and penalizes at a higher degree borrowers who use a high percentage of their available credit.
Experian in the process of implementing the new scoring model and TransUnion is expected to have FICO 08 available for lenders by the second quarter of 2008. Equifax has indicated that will not move forward with FICO 08 until a lawsuit is resolved with Fair Issac Corp.
DMBA WEB STATS
The DMBA web site drives traffic.
| Direct | 31.17% |
| 29.82% | |
| Yahoo | 17.68% |
| MSN | 4.87% |
| DDN | 3.98% |
