Latest / Chrisman Commentary - Daily Mortgage News
10.14.26 Credit Scoring; Owen Lee on MBA; Restrictive Financial Conditions
The mortgage industry is increasingly adopting VantageScore 4.0 as FHFA reforms expand its use in Fannie Mae and Freddie Mac lending, potentially improving credit access and reducing borrowing costs for some consumers. Major lenders are implementing the model, which incorporates alternative data such as rent and utility payments, while new disclosures aim to improve transparency around mortgage credit risk. However, broader adoption remains uneven, and debate continues over replacing traditional three-bureau credit reports with two-bureau options to reduce costs. Supporters argue these…
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