FHFA's New Policies Boost Mortgage Access and Credit Scoring Flexibility
TL;DR Summary
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.
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