Tag: credit scoring
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This Week’s Big News for Deed Seekers: Fannie and Freddie Shift to VantageScore® in Loan Decisions
The price of stock in Fair Isaac, a.k.a. FICO®, just tanked. It happened after the Federal Housing Finance Agency (FHFA) director announced a change in the way Fannie Mae and Freddie Mac will consider an applicant’s credit scores. (The FHFA oversees Fannie and Freddie.) Fair Isaac stock plummeted more than 25% on the last Tuesday…
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Zillow Says: Now, Your Rental Payments Count for Credit Scoring
Rental payments have traditionally been ignored by credit scores. This makes it that much harder for a renter to qualify to borrow money to buy a home. So, millions of people have excellent housing payment histories, but are shut out of opportunities that a strong credit profile can offer. Like, you know, getting a mortgage…
