FICO Fires Back: White Paper Argues FICO Score 10 T Outshines VantageScore 4.0
FICO claims its latest credit score identifies more risky borrowers, better serves lenders
Tagged: FICO
Some Question Lenders’ And Others’ Readiness To Use VantageScore 4.0
Following FHFA announcement Tuesday, doubts arise regarding potential changes that may be needed to move to VantageScore credit scoring
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0
Lenders will keep tri-merge credit scoring model; what this shift means
Senator Calls On DOJ To Investigate FICO's 'Monopoly Power'
FICO is ‘the only real competitor’ in credit scoring, U.S. Sen. Hawley argues, and antitrust scrutiny ‘is warranted’
MCT Charges Ahead With FICO 10T Adoption
Despite industry-wide hesitancy, the leading loan trading platform plans to complete integration by mid-2025
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.