Rent Payments Could Help Americans Qualify for a Mortgage, FHFA Says

Rent payments could help Americans qualify for a mortgage, FHFA says

Experts say policy change will help Americans with 'thinner credit files' build equity and generational wealth.

FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages

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Will Paying Rent on Time Really Make It Easier to Get a Mortgage? - The Truth About Mortgage

You’ve heard the news. FHFA Director Bill Pulte has ordered Fannie Mae and Freddie Mac to begin accepting VantageScore credit scores immediately. The notice was informal, and has been the case lately, fired off via a tweet on the social media platform X. It allows mortgage lenders to use VantageScore 4.0, with no requirement to… Read More »Will Paying Rent on Time Really Make It Easier to Get a Mortgage? The post Will Paying Rent on Time Really …

New GSE credit scoring rules could shift multifamily demand

Fannie and Freddie’s adoption of alternative data use in credit scoring may expand mortgage access — and eventually thin the renter pool. In a move that could eventually reshape renter demand, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are preparing to replace classic FICO credit scores with more expansive models that incorporate “alternative data.”FHFA […] The post New GSE credit scoring rules could shift multifamily dem…

Pulte's VantageScore bombshell sends the mortgage industry scrambling

Victor Melillo’s phone rang nonstop on Tuesday after Bill Pulte, director of the Federal Housing Finance Agency (FHFA), stunned the mortgage industry with a social media post announcing that Fannie Mae and Freddie Mac will immediately begin accepting the VantageScore 4.0 credit scoring model alongside FICO Classic scores.  “I have fielded numerous calls today [Tuesday] with excitement by lenders anticipating a lower-cost tri-merge report,” said …

Challenger to FICO Credit Scores Gets Green Light for Use in Mortgages

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