Fannie Mae and Freddie Mac’s regulator says VantageScore can now be used to underwrite home loans, weighing on FICO’s stock.

The regulator of Fannie Mae and Freddie Mac has decided to allow mortgage lenders to use an alternative credit score for ...

Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess ...

For years, lenders have used only the FICO score, from Fair Isaac Corp. — a metric that generally excludes such things as ...

“One Flew Over the Cuckoo's Nest” television series in the works told from Chief Bromden's point of view ‘Biggest joke I’ve ...

You want that new computer, but your bank account says, “Try again next month.” So, you click “Pay in 4,” and boom, problem ...

FICO is the first major credit score provider to incorporate BNPL information into its credit scores, the company said in a ...

If buy now, pay later firms know when consumers borrow heavily or fail to make repayments, providers may be reluctant to ...

The way your credit score is calculated may change this fall. The Fair Isaac Corp. — commonly known as FICO — announced in June a new version of its scoring algorithms to include buy-now-pay ...

FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...

Both FICO and VantageScore issue a credit score between 300 and 850 to potential borrowers with the goal of predicting the likelihood that a person will fall behind on debt repayments.

Fair Isaac shares retreated following Freddie Mac and Fannie Mae's decision to accept another measure when assessing mortgage borrowers, adding competition to the company's FICO credit score model.