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Tag Archives: VantageScore

FHFA Credit Scoring and Competition

credit scoring

Does the FHFA’s credit-scoring model need an update? Critics of the current system argue that homeowner demographics are changing and that the FHFA needs to evolve to meet their needs.

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What Do Potential GSE Changes Mean for FICO?

The Federal Housing Finance Agency recently released a Request for Input seeking feedback about the possibility of changing the credit scores the GSEs requires lenders to use to evaluate borrowers. According to ...

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Survey Finds Consumer Credit Knowledge Lacking

Survey results released Monday show Americans—and Millennials especially—continue to have only a vague understanding of how their credit scores are calculated and used. Among other findings, fewer than half of Millennials seem to comprehend that age is not a factor in calculating credit scores, and less than two-thirds know that the three main credit bureaus collect the information on which their scores are based.

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