Tag Archives: TransUnion

Fannie, Freddie regulator vows to protect consumers from rising credit report fees

By | | Uncategorized
Comments Off on Fannie, Freddie regulator vows to protect consumers from rising credit report fees

FHFA Director Bill Pulte’s tweet dented Equifax, Experian and TransUnion shares as the MBA renewed calls to do away with tri-merge reporting. Continue reading →

Cotality and Ascend licensed to generate FICO scores for lenders

By | | Uncategorized
Comments Off on Cotality and Ascend licensed to generate FICO scores for lenders

Fair Isaac’s Mortgage Direct License Program is aimed at eliminating mark-ups charged by credit reporting agencies Equifax, Experian and TransUnion — backers of competing VantageScore. Continue reading →

Gen Z is ready to buy: Boost your business by mastering co-buying

By | | Uncategorized
Comments Off on Gen Z is ready to buy: Boost your business by mastering co-buying

Zoomer co-buying is on the rise. Knowing what makes this generation tick and how to help them architect a deal will lead agents to a new stream of income in a stalled market, writes Annette DeCicco.  Continue reading →

Mortgage giants ‘very close’ to accepting new FICO score

By | | Uncategorized
Comments Off on Mortgage giants ‘very close’ to accepting new FICO score

FHFA Director Bill Pulte says his agency is currently reviewing a potential deal with Fair Isaac to allow lenders to use the more inclusive FICO Score 10 T when submitting loans to Fannie Mae and Freddie Mac. Continue reading →

Why Fannie and Freddie still won’t accept more inclusive credit score

By | | Uncategorized
Comments Off on Why Fannie and Freddie still won’t accept more inclusive credit score

FHFA Director Bill Pulte ordered the mortgage giants to start using more inclusive VantageScore 4.0 in July. But adoption is a “complex, technical and arcane” process that could drag into next year. Continue reading →

Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50

By | | Uncategorized
Comments Off on Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50

Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score. Continue reading →

Credit bureaus slam plan to cut them out of FICO score pricing

By | | Uncategorized
Comments Off on Credit bureaus slam plan to cut them out of FICO score pricing

Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac’s new direct license pricing as a useful first step, but said more reforms and competition are needed. Continue reading →

Let mortgage lenders pull one credit score, trade group says

By | | Uncategorized
Comments Off on Let mortgage lenders pull one credit score, trade group says

The tri-merge system is “an anachronism from the days when there were significant disparities in coverage by the credit bureaus,” MBA says in advocating new approach. Continue reading →

Mortgage bankers take a stand against tri-merge credit reporting

By | | Uncategorized
Comments Off on Mortgage bankers take a stand against tri-merge credit reporting

Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.” Continue reading →

Mortgage trigger leads will be less crazy, but they ain’t going away

By | | Uncategorized
Comments Off on Mortgage trigger leads will be less crazy, but they ain’t going away

Loopholes in new law mean credit bureaus will still be able to sell applicants’ information to their current lender, servicer or bank — a boon for lenders who also service their own loans. Continue reading →