The FHFA announcement directs Fannie Mae and Freddie Mac to permit lenders to choose between two approved credit score models – Classic FICO and VantageScore 4.0 – for loans sold to Fannie Mae and ...
New credit score models assess the creditworthiness of aspiring homebuyers who are often overlooked by more traditional systems.
LendScore uses real-time cash flow data and unique account connection insights from the Plaid Network to provide lenders with an updated view of borrower risk To give lenders a more complete financial ...
New credit scoring models rolling out across the mortgage industry could dramatically expand the number of Americans who receive a credit score — but experts warn that borrowers shouldn’t confuse a ...
VantageScore 4.0 is approved for conforming mortgages sold to Fannie Mae and Freddie Mac. The credit-scoring model uses alternative data, including trending credit card usage and payments for rent and ...
For decades, the magic credit score number for homebuyers was 620. That FICO score was typically seen as the minimum needed to qualify for a conventional mortgage, a line between who could move ...
WASHINGTON, April 22, 2026 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced upcoming updates to its Selling Guide to allow for the use of VantageScore® 4.0, effective immediately, and the ...
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