Equifax introduced Mortgage Score Select on October 8, offering mortgage lenders and brokers a way to obtain its credit file with a chosen score—or no score—and retrieve the file again within 24 hours for a $1 repull charge. The $1 figure applies to the subsequent...
Fair Isaac Corp., the company behind the FICO credit score, is eliminating approximately 15% of positions across the company as part of a restructuring that will reduce management layers and integrate artificial intelligence into product development. The workforce...
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...
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...
Equifax Says Nearly 2,000 Mortgage Firms Used Its VantageScore Offer
