JD Supra

FHFA’s Credit Score Models and Reports Initiative

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 ...
Hosted on MSN

Millions to receive credit scores under new models, but expert warns of approval trap

New credit scoring models rolling out across the mortgage industry could dramatically expand the number of Americans who receive a credit score — but experts warn that borrowers shouldn’t confuse a ...
CNBC

FICO provider is shaking up its credit score business. Its stock is surging

Fair Isaac on Wednesday unveiled a new pricing model that will allow mortgage lenders to bypass credit bureaus for credit scores, leading the company’s shares to pop more than 20% on Thursday. The ...
AOL

Mortgage lenders are rethinking credit scores in 2026. Here's why new credit models could bring relief to homebuyers who were shut out in the past

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 ...
Fast Company

Credit scores are flawed. FICO has a new model that adds cashflow data. It might just offer the boost you need

Prices are rising again, and by some measures, consumer sentiment is as low as it’s ever been. That makes it an opportune time for some Americans to perhaps get a boost to their credit scores if ...