Latest Updates Around The World
Since Freddie Mac introduced the industry to the first automated underwriting system (AUS) for GSE-eligible mortgages in 1996, a borrower’s credit score has been one of the most important predictors of mortgage delinquency. For many years afterward, FICO Score was the sole provider of scores for both GSEs’ AUS scorecards. The arrival of VantageScore as […]
A spokesperson for the CDIA wrote HousingWire that the trade group “remains committed to our position that tri-merge promotes data accuracy, market competition and investor confidence.” According to Broeksmit, this criticism comes from ‘the agencies that profit richly from a privileged market position that protects them from competition’ and that operate in a ‘government-granted oligopoly’. […]
In one separate messagePulte said the FHFA “has received the Association of Mortgage Bankers (MBA) letter regarding concerns with the credit bureaus” and had been in contact with the bureaus. The FHFA did not immediately respond HousingWire‘s request for comment. The MBA’s concerns, which were expressed in a letter to Pulte on December 12, 2025, […]
At a time when lack of affordability is a major concern for potential homebuyers, eliminating minimum credit score requirements on automated GSE underwriting may seem like a great idea to expand access to credit. However, there is a reason why the GSEs have had such requirements for decades. They acted as an important workaround against […]
Car prices have skyrocketed during the pandemic, but haven’t really fallen. Consumers are still paying outlandish amounts on average for both new and used vehicles, and that’s unlikely to change anytime soon. According to a new one Experian report, average car loan payments $748 per month for a new vehicle in the third quarter of […]
The findings are detailed in TransUnion’s e-book, “Trapped by Tuition: The New Reality of Renting.” More than 2.2 million borrowers saw their credit scores drop 100 points or more in just a few months, and one in three borrowers making payments are now more than 90 days delinquent, TransUnion found. One in five borrowers has […]
The credit bureau said the score will be available at no cost indefinitely, and if it ever does, the price will be at least 50% lower than what Honest Isaac Corp. (FICO) charges fees for its credit scores. “Experian’s pricing reflects that the primary value is in the data, not the score,” the company said […]
The shift comes as competition in the credit scoring market increases, driven by the Federal Agency for Housing Financing (FHFA)’s decision to allow this Fannie Mae And Freddie Mac to purchase loans insured with VantageScore 4.0 as an alternative to the Classic FICO Score. VantageScore is jointly owned by the three national credit bureaus: Equifax, […]
Rent report can help increase the credit scores “Your rent is your biggest monthly obligation for debt payments, so it is unfair that it is not counted to build your credit,” said Viler Lika, founder and CEO of rental service company Singeykey. Companies such as Singeykey, Zenbase, Lorrowell and Frontlobby offer such rental reporting services, […]
According to a TD study from 2025, 92% of the newcomers understood the importance of building credit before he arrived in Canada. Yet 82% of those who apply for a credit became immediate barriers. For many, these challenges go beyond the discomfort. They have a direct influence on immigrants’ ability to secure housing, buy a […]
