Fannie Mae, Freddie Mac move beyond FICO with new credit scoring model to boost competition

On Wednesday, Freddie Mac FMCC and Fannie Mae FNMA announced their acceptance of mortgages evaluated using VantageScore 4.0 ...
JD Supra

FHFA’s Credit Score Models and Reports Initiative

The FHFA announcement directs Fannie Mae and Freddie Mac to permit lenders to choose between two approved credit score models – Classic FICO and VantageScore 4.0 – for loans sold to Fannie Mae and ...
AOL

Mortgage lenders are rethinking credit scores in 2026. Here's why new credit models could bring relief to homebuyers who were shut out in the past

For decades, the magic credit score number for homebuyers was 620. That FICO score was typically seen as the minimum needed to qualify for a conventional mortgage, a line between who could move ...