Fannie Mae and Freddie Mac are not accepting VantageScore 4.0

Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says. Continue reading

Truework adds fraud protection to automated income verifications

Most borrowers who have granted their mortgage lenders permission to verify their income and employment won’t have to confirm the request a second time with their employer’s payroll provider. Continue reading