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The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...
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 ...
The move their regulator Bill Pulte announced introduces competition for one metric but charges from three credit bureaus ...
Fair Isaac (FICO) stock tumbled 8.9% in Tuesday trading after FHfA Director Bill Pulte said mortgage finance giants Fannie ...
For years, lenders have used only the FICO score, from Fair Isaac Corp. — a metric that generally excludes such things as ...
Mortgage lenders can now use the VantageScore 4.0 model when originating loans backed by Fannie Mae and Freddie Mac, which ...
Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping ...
Freddie Mae and Fannie Mac are now allowed to calculate rent history in the algorithm for determining credit history loan ...
Government-sponsored enterprises Fannie Mae and Freddie Mac have long required home lenders to use credit scores generated by Fair Isaac Corp., aka FICO, to underwrite mortgages.
Fair Isaac Corporation (NYSE:FICO) stock fell 6% today while Equifax (NYSE:EFX) shares rose 3% and TransUnion (NYSE:TRU) gained 4.4% following an announcement that Fannie Mae (OTC:FNMA) and Freddie ...
FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...
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