Latest Updates Around The World
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, […]
