Tag Archives: Credit Scores

Rollout of new mortgage credit scoring models pushed back

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Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.” Continue reading →

New credit scores from FICO, VantageScore gaining traction

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Lenders won’t be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers. Continue reading →

Let TikTok’s favorite debt expert help skyrocket your credit score

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Trainer Bernice Ross talks to popular TikTok credit expert Alisa Glutz to find out how you and your clients can optimize the potential of a credit profile for lower interest rates and better scores. Continue reading →

Fannie, Freddie ordered to slash fees for many first-time homebuyers

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Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday. Continue reading →

The end of credit scores? The best ideas from Zillow’s Hackathon

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The Seattle-based listing giant announced the three top innovations that emerged from its annual competition for students of historically Black colleges and universities. Continue reading →

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

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A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading →

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

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A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading →

Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

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Comments Off on Equifax ‘coding issue’ possibly skews thousands of mortgage credit scores

A “coding issue” reportedly affected about 12 percent of credit scores calculated from March 16 to April 6, 2022. Continue reading →

New study shows true impact of credit scores on mortgage rates

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Digital mortgage marketplace OwnUp’s latest study revealed buyers with good credit scores can lose $40K in interest savings by failing to shop loan options. Continue reading →