Items Tagged with 'VantageScore 3.0'


  • FHFA issues new rule effectively prohibiting Fannie and Freddie from using VantageScore

    Regulators cites conflict of interest as concern in alternative credit score proposal
    Anyone hoping that Fannie Mae and Freddie Mac may soon start using VantageScore as an alternative to their current FICO credit scoring model is about to get a cold dose of reality. The FHFA announced this week that it is issuing new rules surrounding the adoption of alternative credit scoring rules. Chief among those rules is a provision that would prohibit the GSEs from using the VantageScore credit scoring model because of conflicts of interest with the company’s backers.
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  • MBA calls for competitive credit score requirements

    Submits letter to FHFA
    On the last day to submit comments about credit scoring to the Federal Housing Finance Agency, the Mortgage Bankers Association sent in a letter calling for more competitive credit score requirements. Here’s some of the requirements the MBA outlines in its letter to the FHFA.
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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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