The mortgage industry’s standards body is adding three executives with unusually direct stakes in one of the business’s biggest technology transitions: how lenders measure credit risk, exchange borrower data and govern the growing use of automation. MISMO...
VantageScore has announced the Federal Housing Administration (FHA) will begin accepting mortgage collateral backed by its VantageScore 4.0 credit scoring model starting on Jan. 1, 2027. The announcement follows this week’s declaration by Federal Housing Finance...
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...
Federal Housing Finance Agency Director Bill Pulte announced the opening of VantageScore to all government-sponsored enterprise (GSE) lenders. “Good News for American Homebuyers!” wrote Pulte on his personal X account. “Effective Today, in the interest of...
For years, the mortgage industry has complained about the rising cost of pulling credit. Those complaints weren’t imaginary. The Mortgage Bankers Association told Congress earlier this year that its members had experienced four consecutive years of significant...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
