AOL

New credit scoring model for mortgages could help more people buy homes

The companies that buy up the majority of the country’s home loans will now accept a second credit scoring model for mortgages — a change that could help underrepresented borrowers qualify for ...

Here's why an 850 credit score isn't all it's cracked up to be -- and what you really need

You don't need a perfect credit score to be financially stable -- or exceptional, for that matter. Here's a better number to aim for today.
JD Supra

CFPB Highlights Fair Lending Risks in Advanced Credit Scoring Models

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. This ...
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 ...
nationalmortgageprofessional.com

Plaid Unveils New Credit Risk Score Model

LendScore uses real-time cash flow data and unique account connection insights from the Plaid Network to provide lenders with an updated view of borrower risk To give lenders a more complete financial ...
Morningstar

VantageScore® Launches All New 5.0 Credit Score Model, Delivering Industry-Leading Predictive Performance Based on Novel Attributes and Post-Pandemic Consumer Data

The VantageScore 4.0 credit scoring model scores 33 million more people than traditional models. With the FHFA mandating the use of VantageScore 4.0 for Fannie Mae and Freddie Mac guaranteed mortgages ...