News

The regulator of Fannie Mae and Freddie Mac has decided to allow mortgage lenders to use an alternative credit score for ...
The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO 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 ...
The regulator for Fannie and Freddie wants to reduce the use of FICO for housing credit, while factoring in borrowers’ rent ...
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 ...
Mortgage lenders can now use the VantageScore 4.0 model when originating loans backed by Fannie Mae and Freddie Mac, which ...
Freddie Mae and Fannie Mac are now allowed to calculate rent history in the algorithm for determining credit history loan ...
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 ...
Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping ...
Raise your hand if you know what a FICO score is. Now, keep your hand raised if you know the company that developed the FICO ...