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Fannie Mae and Freddie Mac’s regulator says VantageScore can now be used to underwrite home loans, weighing on FICO’s stock.
The regulator of Fannie Mae and Freddie Mac has decided to allow mortgage lenders to use an alternative credit score for ...
Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess ...
For years, lenders have used only the FICO score, from Fair Isaac Corp. — a metric that generally excludes such things as ...
FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...
Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to ...
VantageScore is a new credit score developed by the three major credit bureaus in 2017. It incorporates alternative data and ...
FICO is the first major credit score provider to incorporate BNPL information into its credit scores, the company said in a ...
Fair Isaac shares retreated following Freddie Mac and Fannie Mae's decision to accept another measure when assessing mortgage borrowers, adding competition to the company's FICO credit score model.
BNPL companies like Afterpay and Klarna will begin reporting users’ loans and payments to FICO, the company behind the most ...
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