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 ...
Higher home prices and mortgage rates are a challenge for first-time buyers, but there's a lot more to the story than that.
On April 22, the FHFA and HUD jointly announced that the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, will begin accepting mortgage loans assessed using new credit score models ...
New credit score models assess the creditworthiness of aspiring homebuyers who are often overlooked by more traditional systems.