FICO, the company behind the most widely used credit scoring models in the U.S., has developed two new algorithms that, for ...

The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...

For years, lenders have used only the FICO score, from Fair Isaac Corp. — a metric that generally excludes such things as ...

President Donald Trump's administration announced this week that mortgages sold to Fannie Mae and Freddie Mac will now accept VantageScore credit scores.

If you’re having trouble making mortgage payments or you’re underwater on your home, it may be possible to pursue a short ...

A new rule could help millions qualify for a mortgage, especially renters, gig workers and those with limited credit history.

Having a poor credit score makes it more difficult to get a personal loan, but there are options.

FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...

Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to ...

Paying off a loan may lower your credit score, but if you practice good credit habits the effect will be minimal. Paying off a loan early can reduce your debt-to-income ratio, which can benefit ...

Home loans are a long-term transaction that can extend for 20-30 years. As a result, it significantly impacts your monthly ...