Movement Mortgate Lowers FICO Minimums, Rolls Back Overlays, Will Retain Servicing

HousingWire, Apr. 23, 2020–Ben Lane
Movement Mortgage CEO Casey Crawford told his employees Tuesday evening that the company is undoing many of the recent changes it made to its mortgage lending policies. Crawford told employees that the company is rolling back many of its overlays and lowering its minimum FICO credit scores on Federal Housing Administration and Department of Veterans Affairs loans to 620.