FICO

Which is better for mortgage — FICO or VantageScore?

Credit Score, Fannie Mae, FHFA, FICO, Freddie Mac, HWmember, LendingLife, Mortgage, Origination, Regulatory, VantageScore / Ricky Vasquez

VantageScore and FICO have escalated their rivalry in the mortgage space following the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae and Freddie Mac to purchase loans underwritten with VantageScore 4.0 as an alternative to the Classic FICO score. Both companies published analyses this week from their data scientists. Naturally, each claims their score more […]

Which is better for mortgage — FICO or VantageScore? Read More »

VantageScore 4.0 is coming. But much work needs to be done

Bill Pulte, Fannie Mae, FHFA, FICO, Freddie Mac, HWmember, LendingLife, Mortgage, Origination, Regulatory, VantageScore / Ricky Vasquez

In the days following the announcement that VantageScore 4.0 was suddenly in play for conventional mortgages, FinLocker‘s Brian Vieaux had to burst some bubbles. Most of the 15 to 20 loan officers he spoke to were ecstatic about being able to use the new credit scoring model. Millions of new prospective borrowers could be scored

VantageScore 4.0 is coming. But much work needs to be done Read More »

FHFA clarifies key VantageScore 4.0 implementation questions

Bill Pulte, credit report, FHFA, FICO, HWmember, Mortgage, Regulatory, VantageScore / Ricky Vasquez

Mortgage industry professionals had more questions than answers following last week’s bombshell announcement that the government-sponsored enterprises Fannie Mae and Freddie Mac have approved the use of VantageScore 4.0, a new credit scoring model. A week after the initial announcement, Federal Housing Finance Agency (FHFA) Director Bill Pulte answered several key questions. In an FAQ

FHFA clarifies key VantageScore 4.0 implementation questions Read More »

FICO to add Buy Now, Pay Later data to credit scores

Credit Score, FICO, HWmember, LendingLife, Mortgage, Origination / Ricky Vasquez

Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday. The change will provide mortgage brokers, loan officers and

FICO to add Buy Now, Pay Later data to credit scores Read More »

Arrive Home introduces new versions of its Earned Equity Program

FHA, FICO, Homeownership, HWmember, Mortgage, Non-QM / Ricky Vasquez

Arrive Home has launched two new iterations of its Earned Equity Program (EEP), which helps consumers achieve homeownership through a long-term purchase contract. The program is now available through two separate products designed for different groups of borrowers: EEP Pathway and EEP DocLight. EEP Pathway is ideally suited for individual tax identification number (ITIN) holders and

Arrive Home introduces new versions of its Earned Equity Program Read More »

CHLA offers support for Pulte’s position on FICO pricing

Community Home Lenders of America, Credit Score, FHFA, FICO, HWmember, Mortgage, Regulatory, VantageScore / Ricky Vasquez

After a statement made last week in condemning the credit-score pricing practices of Fair Isaac Corp. (FICO), Federal Housing Finance Agency (FHFA) Director Bill Pulte is now being complimented for his position by the Community Home Lenders of America (CHLA). CHLA on Tuesday sent a letter to Pulte, saying that FICO “has a clear monopoly

CHLA offers support for Pulte’s position on FICO pricing Read More »

Credit score stocks slide as FHFA head questions pricing

Credit scores, FHFA, FICO / Ricky Vasquez

Fair Isaac Corp.’s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing. The FICO score provider dropped 16%, notching the day’s worst performance among S&P 500 Index members and extending Tuesday’s 8.1% slide. Shares of credit

Credit score stocks slide as FHFA head questions pricing Read More »

Why foreclosures are still below pre-pandemic levels

FICO, Foreclosure, Housing Market, HWmember, New listings / Ricky Vasquez

According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general

Why foreclosures are still below pre-pandemic levels Read More »

Which is better for mortgage — FICO or VantageScore?

VantageScore 4.0 is coming. But much work needs to be done

FHFA clarifies key VantageScore 4.0 implementation questions

FICO to add Buy Now, Pay Later data to credit scores

Arrive Home introduces new versions of its Earned Equity Program

CHLA offers support for Pulte’s position on FICO pricing

Credit score stocks slide as FHFA head questions pricing

Why foreclosures are still below pre-pandemic levels

Equal Housing Opportunity

Contact Us

SSL Certificate

Resources

Connect With Us