Credit expert warns borrowers about the 'American drain' as new mortgage scoring models take effect

Credit repair expert Micah Smith says new VantageScore 4.0 mortgage rules let rent payments count, but warns late payments ...
Florida Realtors

New Credit Models Could Bring in More Buyers

Updated scoring models will allow government-backed loan programs to consider additional data in underwriting, including rent ...
JD Supra

FHFA’s Credit Score Models and Reports Initiative

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 ...
WITN

Local credit experts explain new, approved credit score model

GREENVILLE, N.C. (WITN) - Government-backed mortgage giants Fannie Mae and Freddie Mac are now allowed to accept a different credit score that considers rent and utility payments. While FICO credit ...
JD Supra

CFPB Highlights Fair Lending Risks in Advanced Credit Scoring Models

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. This ...
MarketWatch

Happy Money Launches Next-Generation Credit Model, Further Enhancing Delivery of High-Quality Assets and Strong Risk-Adjusted Returns to Partners

The MarketWatch News Department was not involved in the creation of this content. Consumer finance leader's eighth credit model fortifies credit and risk framework, driving partner confidence and ...
Business Wire

Worldline and FinbotsAI Team up to put AI Credit Modelling in the Hands of Financial Institutions.

SINGAPORE--(BUSINESS WIRE)--The collaboration will bring an AI-powered solution to help financial institutions level up their lending business through a no-code SaaS model that puts the ownership of ...