The president jokingly told Treasury Secretary Scott Bessent that his job is also on the line if rates don't come down, as poll shows inflation will be a key issue in 2026 midterm elections
FHFA Director Bill Pulte says his agency is reviewing a deal with Fair Isaac to allow lenders to use the more inclusive FICO Score 10 T when selling loans to Fannie Mae and Freddie Mac
FHFA Director Bill Pulte ordered the mortgage giants to start using VantageScore 4.0 in July. But adoption is a 'complex, technical and arcane' process that could drag into next year
FHFA acting Inspector General John "Joe" Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers
Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score for conforming loans
Consumer group claims FHFA's plan to pit VantageScore 4.0 against older FICO Classic score on Fannie, Freddie loans will make 'anti-competitive natures of the credit scoring market even worse'
114 posts in July alone raise 'significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,' Senator scolds regulator
Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says
FHFA Director Bill Pulte is reportedly 'on thin ice' with several Trump administration officials over lack of communication on new Fannie Mae and Freddie Mac credit score policy
Mortgage giants allegedly weren't informed in advance that they'd be required to accept VantageScore 4.0, and lenders have lots of questions about how the new process will work
Helping clients and prospects save money is one of the most powerful marketing strategies
Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date 'TBD'
Boom entered the property management category through credit score reporting, an outgrowth of a law passed that allows tenants to record on-time rent payments to credit bureaus
The product rolls out July 31 and is designed to function as a 'responsible alternative to a credit card,' according to executives at Piñata, a rental industry fintech company