Credit Reporting Shake-Up Sparks Concern Across Mortgage Ecosystem
NCRA President calls it “an untested experiment” that could exclude millions of creditworthy borrowers.
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Tagged: Credit Score
VantageScore Use In Mortgage Originations Up, Though Use By GSEs Falls
Company marks record credit scoring usage spike, with 55% overall increase in 2024
Equifax Paying $15 Million For Consumer Dispute Failures
The CFPB filed a lawsuit against fellow credit-giant Experian two weeks ago alleging the same
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
First FICO 10T-Backed MBS Issuance Achieved
Comprised of VA loans, the pool offers proof of concept for changes to be required by the FHFA by late 2025.
Credit Delinquencies Rise, New Lending Slows
VantageScore provides the final snapshot of consumer credit health before the U.S. elections
Oct 30, 2024
Credit Score Switch Proving Difficult Absent Agency Guidance
Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.
Oct 29, 2024
VantageScore: Average Consumer Credit Health Remained Stable In May
Gen Z consumers increasingly went delinquent on credit cards.
Jun 27, 2024
Spring Surge: Optimal Blue Sees Record-High Credit Score Marks
Optimal Blue's March 2024 Originations Market Monitor report saw steady rate-lock volume growth.
Apr 08, 2024
Equity Withdrawals Rose Slightly In Q3 2023
High interest rates are compressing usage by 55% or $54B.