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The opinions published in National Mortgage News (“Credit Scores Are Not the Issue” by Christopher Whalen; “Pulte’s hands credit bureaus an unfair edge” by Chi Chi Wu), are incorrect and misleading. Contrary to the views expressed in those pieces, competition and modernization in the mortgage credit scoring system are significantly enhanced by VantageScore being allowed to compete by the FHFA. […]

Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows. Delinquencies on such debts from those making at least $150,000 annually have jumped almost 20% over the last two years, faster than for middle- and lower-income borrowers, according to