Proposed legislation would require banks to verify customers’ legal status, raising potential onboarding questions for lenders if enacted
Christy Moss, CMB has joined FICO as vice president and mortgage/capital markets liaison, where she will help expand credit access and support the industry’s transition to modern scoring models
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
As a counterpunch to moves by competitors, changes to VantageScore 4.0 pricing seek to reduce costs for lenders and homebuyers
Study finds VantageScore 4.0’s edges over Classic FICO ‘overstated’ or incorrect; VantageScore brushes findings aside
VantageScore claims its 4.0 model beats FICO Classic across varying economic environments
Low credit scores cost Americans $1,330 more in mortgage interest each year
Following FHFA announcement Tuesday, doubts arise regarding potential changes that may be needed to move to VantageScore credit scoring
Lenders will keep tri-merge credit scoring model; what this shift means
Company marks record credit scoring usage spike, with 55% overall increase in 2024