Fannie Mae and Freddie Mac are moving toward a single mortgage pricing grid that will incorporate VantageScore alongside Classic FICO, the latest step in a rapid overhaul of the credit-score system underpinning much of the U.S. mortgage market. Federal Housing Finance...
Rocket Mortgage plans to make VantageScore 4.0 its preferred credit scoring model for eligible direct-to-consumer mortgages during the fourth quarter, moving one of the nation’s largest mortgage operations from testing the model to making it the default where loan...
The agency has finally put a date on one of the biggest changes to FHA mortgage credit scoring in decades. Beginning Jan. 1, lenders will be able to use VantageScore 4.0 and FICO Score 10T alongside Classic FICO for eligible FHA loans, but the implementation rules...
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...
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...
Realty Income Invests $2.6 Billion in Third Quarter, Raises 2026 Outlook
