STATEN ISLAND, N.Y. — According to a recent article in National Mortgage News, the Internet age has redefined how credit worthiness should be addressed.

The article’s message is clear: “Lenders stop making reasonable loans when they lose confidence in their ability to predict losses.”

The article continues to say:

“The mortgage industry especially is facing the uncomfortable reality that traditional models and metrics, like credit bureau scores, are far less relevant in an economy dealing with job loss, income instability and negative home equity.

For example, an emergency room nurse in Dallas with a credit score of 660 is a better mortgage credit risk than a construction foreman in Naples, Fla., with a credit score of 740. The nurse will be better able to sustain income in a high demand profession, working in a stable local economy where property values are still largely unaffected by the housing collapse.”


About The Staten Island Board of REALTORS® (SIBOR)

The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.

SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.

Comprised of over 1,600 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas. 

SIBOR is the provider of the Staten Island Multiple Listing Service (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.

All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).

SIBOR may be reached at 718-928-3220 and visited online at

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Headquarters: 718‑682‑1509

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