U.S. Housing Slump Enjoyed By Home Buyers

Home Buyers Enjoying U.S. Housing Slump

( EMAILWIRE.COM, June 11, 2007 )   SACRAMENTO, CA - People who want sell a home fast for a lot of cash are having trouble selling their house quickly and easily these days in most markets in the United States due to problems with foreclosures and subprime mortgage loans. This does, however, present opportunities for people who want to buy a house, like Fred Masterson of Sacramento, California.

"We want to buy a house, but we're waiting for the market to really hit bottom before we jump in the market," Masterson said recently. Mr. Masterson reported that he spends a lot of time on the internet looking for houses to buy and carefully reads the news to gauge which way the single family home market is moving.

He, like many other home buyers in Sacramento and cities across the nation, is waiting for the right opportunity to buy a home and hopes he can time the market just right.

Some of the reasons for the decline in prices include a large inventory of new homes and existing homes on the market, tighter underwriting standards for borrowers to qualify for home loans, and interest rates that have risen since the early years of this decade.

"If we see interest rates rise, this will add significant costs over the life of a loan for home buyers, and could wipe out the advantages that buyers have now," said Patrick McGilvray, President of http://www.TheHomeBuyingCenter.com. He added, "but, nobody has a crystal ball and it is unclear whether the Fed will raise or lower rates in the rest of the year."

The Federal Reserve has raised the federal funds rate up from 1% to 5.25% between June 2004 and June 2006. The rate has not changed since that time.

As this was happening, Freddie Mac, one of the nation's largest purchasers of mortgages, reported that average interest rates on 30 year fixed rate mortgages rose from 5.23% in June of 2003 to 6.26% in May of 2007.

Contact:
Patrick McGilvray, JD
Tel: 888-444-BUYER
http://www.thehomebuyingcenter.com

Credit Union Offering Best ID Theft Prevention Service

LifeLock Announces Partnership With Water And Power Community Credit Union

Los Angeles Credit Union Offering Best ID Theft Prevention Service

Source: LifeLock

Jun 15, 2007 - (PRLog.Org) - TEMPE, AZ - LifeLock CEO Todd Davis has announced a partnership with Water and Power Community Credit Union (WPCU) of Los Angeles for employees and members to protect their identities. LifeLock, the leader in Identity Theft Protection, will offer significant savings to employees and members of WPCU to guarantee their good name.

"We are pleased to partner with Water and Power Community Credit Union to share the many identity theft prevention options that exist, including preventative services provided by LifeLock," said Davis. "Water and Power Community Credit Union is our first partnership with a major credit union and we are thrilled to be able to help them bring this issue into the spotlight while also providing an affordable prevention tool."

Employees and members of WPCU will have peace of mind knowing that LifeLock is working on their behalf, protecting their identities from thieves. As the leader in Identity Theft Prevention, LifeLock enables "locks" by setting and automatically renewing fraud alerts with the major credit bureaus, removing member names from pre-approved credit card offers and junk mail lists and guaranteeing the service with their industry-exclusive $1 Million Guarantee.

In February, the Federal Trade Commission released its annual report highlighting that for the seventh consecutive year, identity theft tops the list of consumer complaints. The Los Angeles metropolitan area registered nearly 17,000 complaints with the FTC for identity theft in 2006, up more than 1,000 from 2005. More than 48,000 complaints have been filed with the FTC in the Los Angeles area since January 2004. In 2006 alone, identity theft cost Americans $1.1 billion dollars, the highest amount ever.

"We understand the threat that identity theft poses to our employees and our members and we needed to find the best way to protect them," said Carl E. Stewart, President and CEO of WPCU. "LifeLock is so confident in their services that the CEO publicly gives out his personal Social Security number. That is the type of security that is most logical to protect our members."

Employees or members of WPCU interested in signing up for LifeLock's discounted service can visit www.wpcu.org today.

About LifeLock
LifeLock (www.lifelock.com) helps consumers to render their personal information useless to thieves, backing up its service with a million-dollar guarantee. Famous for its CEO giving out his Social Security Number in advertising and national press, the company is experiencing astounding growth. Located in a secure facility in Tempe, Arizona, LifeLock is a private company backed by Kleiner Perkins Caufield and Byers as well as Bessemer Venture Partners.

About Water and Power Community Credit Union
Water and Power Community Credit Union was formed in 1936 by employees of the Department of Water and Power. WPCCU has helped members send their kids to college, save for retirement, a vehicle or a home. The credit union was the place where countless DWP employees turned to solve life's financial challenges.

Protection From Fraudulent Manipulation of Authorized User Credit Card Accounts

Fair Isaac Moves to Protect Lenders from Fraudulent Manipulation of Authorized User Credit Card Accounts

Company's Newest FICO Scoring Model Will Ignore Authorized User Accounts When Calculating Classic FICO Credit Risk Scores

June 05, 2007 - MINNEAPOLIS--(BUSINESS WIRE)--Fair Isaac Corporation (NYSE:FIC) today announced that it will adjust its FICO® scoring formula to ensure the continued reliability and predictive power of FICO scores. This action is intended to protect lenders and FICO scores from abuse of authorized user credit card accounts by a new kind of credit repair service that sells consumer credit card histories to credit applicants in order to purposefully misrepresent the applicants' own credit history to lenders and other businesses.

The adjustment removes authorized user accounts from consideration by the scoring model in FICO 08, the newest version of the Classic FICO credit score which Fair Isaac expects to become available to lenders starting in September.

"We will do whatever it takes to protect the reliability and accuracy of FICO credit scores for lenders, and to ensure lenders can continue to use FICO scores with confidence when making their most important customer decisions," said Dr. Mark Greene, CEO of Fair Isaac. "We will continue working with lenders, regulators and others in the credit reporting industry to end deceptive practices that fraudulently misrepresent consumer credit histories for profit."

An authorized user is a person permitted by a credit account holder to use an account, typically a family member who is managing credit for the first time. Used legitimately, authorized user account information has helped both lenders and consumers by enabling lenders to use FICO scores when making credit decisions for consumers who are starting to establish a credit history. Fair Isaac's research indicates that the next version of its FICO scoring formula will deliver increased predictive power without considering authorized user accounts.

Fair Isaac will work closely with lenders to help them implement and benefit from the FICO 08 score as it becomes available. As the company announced previously, lenders will be able to use the new version of FICO scores with minimal changes to their own operating systems. To make lender adoption easier and faster, the new scoring model will retain the same scoring range, score reason codes, minimum scoring criteria, inquiry treatment, and related model parameters as previous versions of the FICO formula.

About Fair Isaac

Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website. Learn more about Fair Isaac at www.fairisaac.com.

Fair Isaac Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its FICO® score, and the relationship described herein, and the benefits to be derived from the offering, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report for the year ended September 30, 2006, and quarterly report on Form 10-Q for the period ended March 31, 2007. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.

Fair Isaac and FICO are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be trademarks or registered trademarks of their respective owners.
Contacts

Fair Isaac Corporation
Investors/Analysts:
John D. Emerick, Jr., 800-213-5542
investor@fairisaac.com
or
Media:
Craig Watts, 415-492-5399
craigwatts@fairisaac.com