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…
Posts published in “fico”
The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and…
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance…
If you have clients who are struggling to get their finances in line while preparing to buy a home, here is some advice you can…
Knowing more about how FHA works — and how to work with FHA — helps agents identify opportunities for their first-time buyer clients, who make…
The company boasts that the new model will have greater predictive powers while reducing risk for lenders. Source: Inman News
After years of steadily rising, the average FICO score in the U.S. has hit an all-time high of 706, the credit-reporting company announced this week. …
Young consumers are blithely unaware of the importance of credit scores to their financial lives, according to recent surveys. This is troubling as Americans’ debt…