News

The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...
Fannie Mae and Freddie Mac will accept a credit scoring model for mortgage applications that captures rent and utility ...
Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess ...
The regulator for Fannie and Freddie wants to reduce the use of FICO for housing credit, while factoring in borrowers’ rent ...
Mortgage lenders can now use the VantageScore 4.0 model when originating loans backed by Fannie Mae and Freddie Mac, which ...
Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to ...
For years, lenders have used only the FICO score, from Fair Isaac Corp. — a metric that generally excludes such things as ...
Fair Isaac Corp (FICO) shares tumbled on Tuesday after the Federal Housing Finance Agency (FHFA) announced that it would ...
Fannie Mae and Freddie Mac will now use multiple methods to assess mortgage applicants due to a new decision by the Federal ...
VantageScore is a new credit score developed by the three major credit bureaus in 2017. It incorporates alternative data and ...
Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping ...
The move their regulator Bill Pulte announced introduces competition for one metric but charges from three credit bureaus ...