The removal of a minimum credit score requirement could especially benefit first-time homebuyers, younger borrowers, and ...

Freddie Mae and Fannie Mac are now allowed to calculate rent history in the algorithm for determining credit history loan approval. Fannie Mae and Freddie Mac will now use multiple methods to assess ...

Director William Pulte described as "Huge!," a major obstacle that stalled efforts to introduce more inclusive credit scoring in the mortgage market is now being cleared.

A new policy change at mortgage giants Fannie Mae and Freddie Mac could help first-time homebuyers qualify for a mortgage if they have a track record of paying their rent on time. Effective ...

RACINE WI — A new federal policy may make homeownership more accessible to renters in Racine and Kenosha counties. The Federal Housing Finance Agency (FHFA) has announced that mortgage lenders working ...

Exactly 30 years ago, Fannie Mae and Freddie Mac adopted credit reports and their scores from FICO as a basis for mortgage credit decisions (approval or denial) and risk-based loan pricing. That FICO ...

VantageScore, owned by the three major credit bureaus Experian, Equifax and Transunion, will be another choice for mortgage ...