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 ...

For decades, the magic credit score number for homebuyers was 620. That FICO score was typically seen as the minimum needed to qualify for a conventional mortgage, a line between who could move ...

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 ...

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 ...

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 ...

When applying for a mortgage, your credit score affects your odds of approval, interest rate and loan terms. FICO has been the leading credit scoring company for mortgages, but credit scoring models ...