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
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
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
FHFA says Fannie, Freddie will use one LLPA grid for FICO and VantageScore
Change follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month
UWM’s Mat Ishbia backs VantageScore 4.0, says Underwriting+ results are ‘off the charts’
At last week’s AIME Fuse event, Ishbia also shared his thoughts on UWM’s new Underwriter+ program
MISMO board adds VantageScore, Guild and FICO leaders amid credit modernization push
Anthony Hutchinson of VantageScore, Gemma Currier of Guild Mortgage and Eric Lapin of FICO are the new board members
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
FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level