New Credit Score Base

New Credit Score Based on Rent, Utility PaymentsFair Isaac has launched the FICO Expansion Score to help prospective borrowers with minimal credit histories obtain loans and credit scores. The Expansion score gauges a borrower's creditworthiness using timely utilities and rent payments and clean checking accounts, among other factors. While car dealers and credit-card companies have already embraced the new scoring model, mortgage lenders are unlikely to do so unless Fannie Mae and Freddie Mac purchase the resulting loans.

Kiplinger's Personal Finance, Joan Goldwasser (03/07)

DAILY REAL ESTATE NEWS

April 18, 2007Mortgage Volume Slows,

Although Refinances Up Mortgage application volume decreased 2.5 percent last week on a seasonally adjusted basis, probably because of the Easter holiday, says Vincent Varma, director of industry surveys at the Mortgage Bankers Association.Compared with the same week last year – on an unadjusted basis – applications rose 9.9 percent. A clear improvement since Easter didn’t fall in the same week last year.The refinance share of mortgage activity increased to 43.6 percent, compared to 42.8 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.22 percent from 6.16 percent. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.92 from 5.91 percent. The average contract interest rate for one-year ARMs increased to 5.89 from 5.88 percent.

REALTOR® Magazine Online

Country Western Night

Hi everybody,

I would like to thank Alan & Pat Fisher as well as Brian & Wendy Keen for a great night of Entertainment, the young clogger's from Lee County were amazing, if you did not make it you surely missed a treat.

Open House 7552 Berkshire Pines Dr Naples FL 34104

OPEN HOUSE SUNDAY APRIL 8TH 1.00pm - 4.00pm

PRICE REDUCED VERY MOTIVATED OWNER WILL ENTERTAIN ALL OFFERS

This Lovely 2+Den 2 Bath Attached Villa with extended Lania, nicely decorated throughout with nice decorator touches both inside and also on the Lania. This home has lots of upgrades Refrigerator, Range, Kitchen and Bathroom cabinets, nine Ceiling fans, Screened front entry door, Humidistat and upgraded R-30 insulation for lower utility costs, the home is complete with storm shutters.

Call Bernie East For More Info 239.248.1966

www.Berniesellsnaples.com

WELCOME TO THE LANDRY'S

I would like to welcome new home owners Gilbert & Brenda Landry to the Shores thank you

for buying my listing.

Sales update as of April 1st.

5 Sold in 2007

7 Sold in all of 2006

24 Sold in 2005 with 8 being sold in the first 3 months

This is a much healthier start to 2007 let us hope we can keep the sales trend going up and also keep our property values from sliding like they have in the past 12 months i'm sure you have noticed how the value of your homes has declined.