Tagged: Credit

The wholesale lender removes an adjustment for new locks while Fannie and Freddie align pricing between VantageScore 4.0 and Classic FICO

More than 1,100 mortgage lenders have enabled the alternative score, but TransUnion tells NMP that “adoption” includes uses beyond loan originations

CHLA sees new Fannie and Freddie score disclosures as a first step toward more competition, while lenders are already finding different borrower outcomes under today's models

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Pulte’s comments could signal either fewer bureau reports or a portable report borrowers could share among lenders, but FHFA has not clarified which approach it is studying

Pulte removes 50-lender cap while considering bi-merge and single-bureau reports as additional ways to reduce mortgage costs

Average payments for first-time buyers have climbed 57% since 2019, while serious delinquency is becoming concentrated among lower-scoring borrowers

One-third of consumers say they would consider switching lenders over older scoring models, making underwriting technology a potential borrower-retention issue

The company points to trended data and tri-bureau consistency as approved lenders begin using greater credit-score choice

The HELOC-backed Visa connects revolving credit with contractor financing and rewards, but carries rates above the national average