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Fannie Mae and Freddie Mac’s regulator says VantageScore can now be used to underwrite home loans, weighing on FICO’s stock.
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Key Takeaways FICO stock plummeted Tuesday after FHFA Director William Pulte wrote on X that mortgage companies may now use Vantage 4.0, a credit scoring tool developed by FICO's competitors.Lenders ...
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 ...
With BNPL loans exploding in popularity, a change is coming to credit scoring that shows just how mainstream they have become ...