FICO, the company behind the most widely used credit scoring models in the U.S., has developed two new algorithms that, for ...

Effective immediately, Fannie and Freddie will allow mortgage lenders to use VantageScore credit ratings to assess ...

The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...

The regulator of Fannie Mae and Freddie Mac has decided to allow mortgage lenders to use an alternative credit score for ...

Pay Later gains traction, experts warn that rising defaults could hurt consumers’ credit scores, stressing the need for ...

The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on ...

Freddie Mae and Fannie Mac are now allowed to calculate rent history in the algorithm for determining credit history loan ...

BNPL companies like Afterpay and Klarna will begin reporting users’ loans and payments to FICO, the company behind the most ...

FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...

Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair ...

Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping ...

Have you ever checked your credit score right after making payments, only to find it hasn't changed? It only natural to wonder: "When do credit scores update?" ...