Fannie and Freddie’s federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models. …
Posts published in “credit score”
Company puts heat on regulators to stick to 2025 timetable for requiring lenders to use VantageScore 4.0 to evaluate borrowers, saying delays could impact “creditworthy…
Integration with Freddie Mac’s HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders. Source: Inman News
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers. Source: Inman News
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock…
The tenant screener violated the Fair Housing Act for years as it doled out disproportionately low risk scores to Black and Hispanic rental applicants with…
Higher mortgage credit scores at the time of application gave prospective homeowners the opportunity to qualify for loan programs and lower their cost of homeownership…
As would-be homebuyers opted out of the for-sale market due to harsh market conditions in 2021, renters turned to alternative markets with space and access…
Cutting off a client can seem counterintuitive, but certain circumstances can make it seem like the only option. Here are some red flags that may…