Backers of rival mortgage credit scores wage public relations war
Backers of rival mortgage credit scores wage public relations war
As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
by Matt Carter Jul 17
Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
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
by Matt Carter Jul 16
Rollout of new mortgage credit scoring models pushed back
Rollout of new mortgage credit scoring models pushed back
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'
by Matt Carter Jan 17
Do you really understand your client's credit score?
Do you really understand your client's credit score?
Help your clients understand their options early in the homebuying process
by Chris Rediger Jun 22