Silvio Tavares steps down as VantageScore CEO, Anthony Hutchinson named interim leader
Hutchinson has spent four years at VantageScore, holding prior roles at Fannie, Freddie and NAR
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CrossCountry says borrowers are saving an average of $2,500 with VantageScore 4.0
Company cites a 62-bps average LLPA reduction in the first 60 days after scores improved
Analysts cast FICO’s $10 mortgage pricing as defensive volume play
Preferred Program locks in FICO pulls at $10 per score as industry shifts to multiscore framework
TransUnion, Equifax debut ‘score later’ tools for mortgage lenders
New workflows let lenders pull credit files without scores and add them later
Pennymac deploys VantageScore 4.0 across all production channels
The move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models
FHFA set to order Fannie, Freddie to accept two-bureau credit reports
The requirement is expected to take effect one to three months after it is announced, per Bloomberg
Mortgage Banking Summit: FHFA’s unified LLPA grid for FICO, VantageScore raises investor concerns
Summit participants question how investors will treat VS4-driven MBS pools
CHLA backs Pulte plan for GSE credit score disclosures
Letter to FHFA says the added data could improve MBS transparency and reduce recurring credit score cost increases
New credit score pricing grids point to higher borrower costs, report shows
Analyses indicate the newly released pricing grids could make loans more expensive with VS 4.0
Pulte says FHFA weighing bi-merge, single credit report
FHFA opens door to VantageScore for all lenders