Findings show improved pre-screening could boost efficiency and first-time buyer access amid rising tri-merge costs and pricing shifts
Tagged: VantageScore
Lenders face rising tri-merge costs, but FICO says bureau markups — not its base pricing — are driving the increase
New pricing from major credit bureaus expected to deliver over $1 billion in industry savings
A new analysis finds the FHFA’s decision to allow VantageScore in conforming mortgages could save lenders and borrowers approximately $650 million annually while expanding credit access to millions of additional consumers
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
During a panel discussion at the MBA Annual Conference, a slate of experts focused on trends in credit scoring, and how recent pricing changes are impacting the mortgage space
But industry watchers say 'bureaus hold the cards'
TransUnion finds renters increasingly turning to third-party tools to boost credit profiles
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