Argyle sees path to profitability with $30M Series C raise

Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund. Continue reading

New rules for scoring mortgage borrowers coming in Q4 2025

Fannie and Freddie’s federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models. Continue reading

Truv aims to grow mortgage client base with new integrations

More lenders can access Truv’s income and employment verification services following recent integrations with Dark Matter Technologies, Freddie Mac and nCino. Continue reading

Personal info of nearly 15M people exposed in Mr. Cooper data breach

Personal information in exposed files included names, addresses, phone numbers, Social Security numbers, dates of birth, bank account numbers, Mr. Cooper said. Continue reading

VantageScore: New scoring model could qualify 4.9M extra borrowers

Company puts heat on regulators to stick to 2025 timetable for requiring lenders to use VantageScore 4.0 to evaluate borrowers, saying delays could impact “creditworthy people of color.” Continue reading

New Boom API to scale reporting of tenant payments to credit bureaus

Boom’s new product will allow virtually any large-scale property management platform or rent payment gateway to directly embed its payment reporting module for faster, simpler reporting of tenant payment records. Continue reading

TransUnion knocks plan to let lenders use 2 credit reports

The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie’s federal regulator. Continue reading

RentSpree’s new reporting feature offers renters a credit boost

The new tool, Credit Builder, allows credit reporting institution TransUnion to consider rental payments when its algorithms build credit scores. Continue reading

TransUnion bets $24M in strategic partnership with Truework

Deal sets the stage for TransUnion to go head-to-head with Equifax’s verification service, The Work Number, and help mortgage lenders speed up closings. Continue reading

Legislation aimed at banning mortgage trigger leads is back

Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading. Continue reading