Items Tagged with 'FICO Score 9'

ARTICLES

  • National Association of Realtors declares support for alternative credit scoring

    Says alternative models could make expand credit box
    The National Association of Realtors sent a letter to two members of Congress this week, declaring the organization's support of alternative credit-scoring models that could be used to open the credit box to previously underserved borrowers. Here's why NAR thinks alternative credit scoring is so important.
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  • New House bill would end 'FICO monopoly' at Fannie Mae, Freddie Mac

    Bipartisan bill pushes Fannie, Freddie to look at alternative credit scores
    A bill introduced Thursday in the House of Representatives would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use when determining what loans to purchase.
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  • NAR applauds FICO update

    Continues to support the credit box widening
    The National Association of Realtors applauded FICO’s new FICO Score 9 as a way to assess consumer collection information. "NAR will continue to support efforts to broaden access to credit for qualified homebuyers," NAR President Steve Brown said.
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  • FICO’s latest update draws VantageScore ire

    New product is a "competitive response"
    FICO introduced its new FICO Score 9 as a way to assess consumer collection information. Although its close competitor VantageScore was quick note that technology is similar to its own product released back in March.
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