“Today's decision will benefit borrowers and the Enterprises, along with maintaining safety and soundness," said Sandra L. Thompson, Director of the FHFA.
Read More »Mortgage Credit Availability Projected to Rise Due to Weakening Demand
As fewer buyers become unable to afford higher home mortgage costs, a new CoreLogic analysis revealed that rising interest rates and higher home prices continue to wear at homebuyer affordability. As a result, the diminishing demand from borrowers may lead ...
Read More »Alternative Credit Scoring Models Matter
Competition ensures a healthy and productive market. Credit scores are no exception. A new study commissioned by VantageScore Solutions, a consortium of the three credit bureaus (Equifax, Experian, and TransUnion), found that institutional investors with exposure to asset-backed securities (ABS) ...
Read More »Why Credit Scores Are Rising Amid National Crisis
The average FICO credit score hit a record high of 711 this past July. This uptick to the score may come as a shock, especially since it has taken place several months “knee deep” amid a global pandemic, FICO representatives ...
Read More »Better Predicting Mortgage Default
Credit scores alone are not enough to determine the likelihood of mortgage default. Here's how multiple factors complicate default risk, and which metrics can serve as the best early warning signs.
Read More »Equifax and FICO Partnership: Industry Impact
Earlier this year, Equifax and FICO announced a partnership, pooling their collective consumer financial data. Here's how that partnership may affect banks, lenders, and lending practices.
Read More »Equifax and FICO Announce Strategic Partnership
Equifax and FICO will integrate differentiated data and precision decisioning to help financial institutions optimize interactions with customers.
Read More »Examining FHFA’s Capital Standards Proposal
A brief analyzing FHFA's recent proposal on enterprise capital looked to answer two key questions on risk and capital requirement across the business cycle.
Read More »The Industry Pulse: Updates on Ocwen, RES.NET, and More …
From credit counseling initiatives to partnerships to automate REO processes, get the latest buzz on the industry in this weekly update.
Read More »FICO, Experian, and Finicity Launch New Credit Score
The new system aims to improve credit access, giving consumers more control in the credit scoring process.
Read More »