Articles by Kristin Messerli

Adopting FICO 9 could increase first-time homeownership

Millenials and Hispanics would see benefits
For years, consumer advocates have been trying to get lenders to consider alternative credit scoring models, such as VantageScore, which can also evaluate consumers with limited credit history. However, Fannie Mae, Freddie Mac, and FHA (who buy 90% of U.S. home loans) have exclusively used FICO scoring models.
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