All articles tagged with #credit scoring
Fair Isaac (FICO) announced a new pricing model allowing mortgage lenders to bypass credit bureaus and license scores directly to borrowers, leading to a 20% stock surge and potentially reducing credit bureau influence, while also offering more pricing options to improve economics and competition.
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.
Fair Isaac's stock drops 6% after Fannie Mae and Freddie Mac permit lenders to use the VantageScore 4.0 credit scoring model, increasing competition in the mortgage market and impacting FICO's market position, while credit bureaus Equifax, Experian, and TransUnion see their stocks rise.
Dollar General is experiencing stronger-than-expected growth as higher-income consumers seek value, while financial institutions focus on real-time account validation and behavioral data to improve security, underwriting, and access to financial services amid evolving regulations and fraud risks.