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’
The CFPB filed a lawsuit against fellow credit-giant Experian two weeks ago alleging the same