Tagged: Credit Reports

New pricing from major credit bureaus expected to deliver over $1 billion in industry savings

A new analysis finds that replacing the tri-merge credit reporting standard could reduce risk assessment accuracy, ultimately driving higher mortgage rates, tighter credit access, and increased uncertainty for borrowers and investors

According to an analysis of more than 600,000 U.S. renters performed by VantageScore, scores of American adult renters could become eligible for a mortgage by incorporating on-time rental payments into their credit reports

New credit decisioning offering provides actionable, data-driven insights to help accelerate approvals and assist borrowers in achieving homeownership

During a panel discussion at the MBA Annual Conference, a slate of experts focused on trends in credit scoring, and how recent pricing changes are impacting the mortgage space

FICO claims its latest credit score identifies more risky borrowers, better serves lenders

NCRA President calls it “an untested experiment” that could exclude millions of creditworthy borrowers.

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Company marks record credit scoring usage spike, with 55% overall increase in 2024

FICO is ‘the only real competitor’ in credit scoring, U.S. Sen. Hawley argues, and antitrust scrutiny ‘is warranted’