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FHFA's New Policies Boost Mortgage Access and Credit Scoring Flexibility

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Source: National Association of REALTORS®
FHFA's New Policies Boost Mortgage Access and Credit Scoring Flexibility
Photo: National Association of REALTORS®
TL;DR

The FHFA has announced that Fannie Mae and Freddie Mac will now accept VantageScore 4.0 for mortgage underwriting, alongside or instead of FICO scores, incorporating additional data points like rent and utility payments to better assess creditworthiness, a move praised by the National Association of REALTORS® for promoting fairness and competition in home lending.

Topics:businessreal-estate#credit-scoring#fannie-mae#freddie-mac#homeownership#real-estate#vantagescore-40
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  1. NAR Praises FHFA Move to Expand Credit Scoring Models  National Association of REALTORS®
  2. Fannie and Freddie no longer require FICO. Will it help you get a mortgage?  USA Today
  3. Why Fair Isaac Corporation Fell This Week  Yahoo Finance
  4. Trump Administration Announces 'Huge' Change To Help New Homebuyers  Newsweek
  5. Rent payments could help Americans qualify for a mortgage, FHFA says  Fox Business

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