VantageScore Solutions

FHFA reverses course, will let VantageScore pitch model to GSEs


The regulator of the government-sponsored enterprises retreated from an earlier proposal that had barred VantageScore because of its ties to the credit bureaus.


FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores


The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.


FHFA to write credit score rule rather than pick alternative score for GSEs


The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.


Will dropping tax lien data from credit reporting lead to bad loans?


Some fear that the removal of such data from individual credit reports could lead lenders to believe a consumer is a better bet than they really are.


FHFA still eyeing 2019 for implementation of new credit score model


The annual progress report on the Fannie Mae and Freddie Mac conservatorships reiterated that a new credit score model will likely not be operational until after the implementation of a new Single Security Initiative.


Include short-term loan repayment in credit scores


Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.


Senate reg relief bill opens new front in credit-scoring battle


A late addition to regulatory relief legislation would direct the Federal Housing Finance Agency to review credit-scoring alternatives, but some say the provision is redundant.


FHFA extends comment period on credit scoring changes


The Federal Housing Finance Agency said Friday it will give commenters more time to weigh in on a potential update to the credit scoring requirements for Fannie Mae and Freddie Mac.


Credit score changes would saddle banks with risk to help nonbanks


Housing regulators should not adopt an alternative credit scoring model until the banking industry is on board.


FHFA should resist calls to weaken mortgage standards


The alternative credit scoring model VantageScore would not increase access to credit, says Joe Smith, the former monitor for the 2012 national mortgage settlement.