MISMO updates mortgage insurance data guide for VantageScore 4.0 and FICO 10T
MISMO updated its mortgage insurance data standards to support VantageScore 4.0 and FICO 10T, helping firms prepare for new credit models.
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Secondary mortgage market waits for data, creates workarounds amid shift to alternative credit scores
In the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system.
Rocket Mortgage, Rocket Pro adopt VantageScore 4.0
Rocket began using VantageScore 4.0 with Classic FICO, as FHFA pilots the model and lenders delivered $10 million in loans to Freddie Mac.
UWM adds VantageScore alongside FICO for conventional loans
UWM will show FICO and VantageScore on no-cost credit reports for conventional loans, aligning with FHFA pilot plans.
Experian imposes another price increase on mortgage credit reports, resellers say
Resellers say Experian added another mortgage lender price increase of about 3%, after 2026 credit report hikes reached as much as 50%.
Mortgage credit report costs could jump 50% in 2026
Credit report prices for mortgage lenders will increase by up to 50% in 2026, despite regulatory efforts to boost competition.
A growing foreclosure crisis? Not according to the latest Fed data
The latest New York Fed credit report shows U.S. homeowners in strong financial health, with high equity and robust credit quality.
TransUnion cuts VantageScore 4.0 pricing for mortgage lenders
Credit bureau TransUnion has followed its peers in slashing prices for mortgage lenders purchasing VantageScore 4.0, responding to Fair Isaac Corp. (FICO)’s newly implemented pricing model.
Equifax slashes VantageScore 4.0 pricing as FICO launches new reseller model
Equifax announced changes to its pricing strategy following Fair Isaac Corp.’s rollout of a new program that allows tri-merge resellers to calculate and distribute its scores directly to mortgage lenders.
FICO’s new program draws mixed reviews from mortgage market
Fair Isaac Corp.’s (FICO) decision to let resellers calculate and distribute its scores directly to lenders drew a mixed response from the mortgage industry.