Mortgage lenders facing persistent origination expenses are getting new ways to purchase credit data and scores. Equifax, Experian and TransUnion have each announced products or pricing terms intended to reduce the cost of evaluating borrowers before a loan moves to...
FICO (NYSE: FICO) has announced that its FICO Score 10T predictive credit score for mortgage lending, will be available for use by Federal Housing Administration (FHA)-approved lenders beginning Jan. 1, 2027. “FHA’s announcement provides valuable clarity...
The Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have announced the first major update to their respective credit scoring models in decades. HUD is now enabling the Federal Housing Administration (FHA) to use of...
The credit scoring agencies Equifax (NYSE: EFX) and Experian are joining their competitor TransUnion (NYSE: TRU) in reducing their respective VantageScore 4.0 mortgage credit scores for 99 cents. Equifax said it will continue to offer free VantageScore 4.0 credit...
TransUnion (NYSE: TRU) has unveiled a 99 cents per mortgage origination score for VantageScore 4.0. TransUnion said the price reduction is designed to support the Federal Housing Finance Agency’s focus on increasing score competition in the mortgage market between...
Euro-Area Housing Loan Demand Falls Sharply as Higher Rates Hit Borrowers
