New credit score models assess the creditworthiness of aspiring homebuyers who are often overlooked by more traditional ...

Updated scoring models will allow government-backed loan programs to consider additional data in underwriting, including rent ...

On Wednesday, Freddie Mac FMCC and Fannie Mae FNMA announced their acceptance of mortgages evaluated using VantageScore 4.0 ...

The FHFA announcement directs Fannie Mae and Freddie Mac to permit lenders to choose between two approved credit score models – Classic FICO and VantageScore 4.0 – for loans sold to Fannie Mae and ...

U.S. mortgage rates have fallen for the third straight week, with 30-year averages hovering just above 6%, the lowest in three spring homebuying seasons. At the same time, Fannie Mae, Freddie Mac, and ...

For decades, the magic credit score number for homebuyers was 620. That FICO score was typically seen as the minimum needed to qualify for a conventional mortgage, a line between who could move ...

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. This ...

The companies that buy up the majority of the country’s home loans will now accept a second credit scoring model for mortgages — a change that could help underrepresented borrowers qualify for ...

The MarketWatch News Department was not involved in the creation of this content. Consumer finance leader's eighth credit model fortifies credit and risk framework, driving partner confidence and ...