News

Fannie and Freddie may use new credit scores. Will it help you get a mortgage?
The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...
Challenger to FICO Credit Scores Gets Green Light for Use in Mortgages
Fannie Mae and Freddie Mac’s regulator says VantageScore can now be used to underwrite home loans, weighing on FICO’s stock.
A new type of credit score bursts onto the mortgage scene
For years, lenders have used only the FICO score, from Fair Isaac Corp. — a metric that generally excludes such things as ...
FICO’s New Rule Could Drop Your Score—Here’s How to Avoid BNPL Pitfalls
You want that new computer, but your bank account says, “Try again next month.” So, you click “Pay in 4,” and boom, problem ...
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FICO’s BNPL Move May Allow Credit Card Issuers to Gain a Larger Slice of the Payment Pie
FICO is the first major credit score provider to incorporate BNPL information into its credit scores, the company said in a ...
Paying Rent on Time Could Now Help You Get a Mortgage After Key Change at Fannie and Freddie
Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess ...
The company behind your credit score is plunging on the stock market after a White House announcement
Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to ...
Why Fair Isaac Corporation Fell This Week
VantageScore is a new credit score developed by the three major credit bureaus in 2017. It incorporates alternative data and ...
FICO’s new credit scores will include buy now, pay later loans data. Here’s how it could impact your score
Financial analytics company FICO has announced two new scores that incorporate buy now, pay later (BNPL) loan data for the ...