Lenders won’t be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers.
Source: Inman News
New credit scores from FICO, VantageScore gaining traction
Published in Banking & Lending, Buyers Tools, credit scores, CrossCountry Mortgage, fannie mae, Federal Home Loan Bank of San Francisco, Federal Housing Finance Agency, FHFA, FICO Score 10T, freddie mac, Julie May, Mortgage, Movement Mortgage, Patelco Credit Union, Primis Mortgage Company, Regulations, Richard Wada, Teresa Bryce Bazemore and VantageScore 4.0
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