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Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair ...
Fannie Mae and Freddie Mac’s regulator says VantageScore can now be used to underwrite home loans, weighing on FICO’s stock.
Key Takeaways FICO stock plummeted Tuesday after FHFA Director William Pulte wrote on X that mortgage companies may now use Vantage 4.0, a credit scoring tool developed by FICO's competitors.Lenders ...
Typically, when using Buy Now, Pay Later loans, consumers pay for a given purchase in four installments over six weeks, in a ...
FICO scores, which range from 300 to 850, fluctuate based on updates to borrower behavior that is tracked by the three major U.S. consumer reporting agencies: Equifax, TransUnion and Experian.
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