MCT Charges Ahead With FICO 10T Adoption
Despite industry-wide hesitancy, the leading loan trading platform plans to complete integration by mid-2025
Tagged: FICO
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 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.
Equifax Confirms Credit Report Hike
Costs could go up as much as 400% in some cases, according to NCRA.
‘Massive’ Increase In Credit Report Cost Coming In 2023
NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.
Take It To The Bank: Pandemic Spurs Desire For Digital Accounts
More than 70% of U.S. respondents are willing to open a bank account via app or website.