Scoring Costs Spiral ‘Out of Control’
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
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Tagged: Credit Reports
FICO Fires Back: White Paper Argues FICO Score 10 T Outshines VantageScore 4.0
FICO claims its latest credit score identifies more risky borrowers, better serves lenders
Jul 17, 2025
Credit Reporting Shake-Up Sparks Concern Across Mortgage Ecosystem
NCRA President calls it “an untested experiment” that could exclude millions of creditworthy borrowers.
Jun 23, 2025
MBA Urges Shift To Single Credit Report Model, Citing Cost Savings And Efficiency
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
Jun 16, 2025
VantageScore Use In Mortgage Originations Up, Though Use By GSEs Falls
Company marks record credit scoring usage spike, with 55% overall increase in 2024
Senator Calls On DOJ To Investigate FICO's 'Monopoly Power'
FICO is ‘the only real competitor’ in credit scoring, U.S. Sen. Hawley argues, and antitrust scrutiny ‘is warranted’
Apr 07, 2025
Equifax Paying $15 Million For Consumer Dispute Failures
The CFPB filed a lawsuit against fellow credit-giant Experian two weeks ago alleging the same
CFPB Accuses Experian Of 'Sham' Consumer Dispute Investigations
The alleged conduct results in errors remaining on consumer reports, and errors being reinserted even after resolution
Final Rule Banning Medical Debt From Credit Reports Issued
The CFPB says the rule will produce 22,000 more mortgages each year, but some disagree with its premise
Jan 07, 2025
MCT Charges Ahead With FICO 10T Adoption
Despite industry-wide hesitancy, the leading loan trading platform plans to complete integration by mid-2025
Dec 12, 2024