VantageScore enhanced the predictive digital tool in its free suite of tools for lenders. RiskRatio Powered by VantageScore is designed to help lenders and financial institutions understand and assess default risk across different credit score ranges. The company says the latest updates offer users “even more predictive power.” “Eight of the top ten U.S. lending…
By ROB ZIMMER Americans are experiencing an affordable housing epidemic. A shortage in housing supply combined with rising interest rates has impacted millions of communities across state and party lines – making it increasingly difficult for families to realize their dream of homeownership. Unbeknownst to many, there’s another factor significantly contributing to the housing affordability…
Average homebuyer credit scores soared to their highest point since 2018 in March, according to Optimal Blue’s March 2024 Originations Market Report. The average score hit 737, an all-time high in Optimal Blue’s data, which dates back to January 2018. Scores for FHA borrowers also hit 6-year highs, clocking in at 677 in February and…
The Federal Housing Finance Agency announced Tuesday that it had validated and approved the use of the Classic FICO credit score model by Freddie Mac and Fannie Mae as work continues to assess adopting more modern credit score tools. In February, FHFA sought input on new credit score models, but Tuesday’s announcement gives FHFA time…
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