Latest Updates Around The World
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 […]
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, […]
The letter signed by MBA’s Associate Vice President of Government Housing Finance, Brendan Kelleher, is addressed to the deputy assistant secretary for single-family homes at Hud and was sent on the last date for comments set by the FHA. The MBA wrote that although it appreciates that FHA is investigating BNPL debts and its rapid […]
