Tagged: Credit Score

Lenders will gain competing modern scoring options, but borrowers may not see both offered everywhere

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

FICO 10T enrollment tops 70 lenders while VantageScore 4.0’s presence in TransUnion mortgage credit pulls jumps from less than 5% to roughly 30%

Credit-score pricing contributed heavily to the increase, while exclusive VantageScore use remained limited

New borrower insights help lenders evaluate applicants earlier in the origination process at no additional cost

New research finds affordability remains the biggest obstacle, but many future buyers also misunderstand how credit affects mortgage eligibility and pricing