ConsumerAffairs

Feds overhaul credit score rules for conventional mortgages

FHFA and Fannie Mae have eliminated rigid minimum credit score floors (like 620) for conventional mortgages Lenders now can ...

FICO Score 10T Sees Surge of Adoption by Mortgage Lenders

FICO today announced that more than 40 lenders have now joined the FICO® Score 10T Adopter Program for non-conforming ...
ConsumerAffairs

What Are the Different Types of Credit Scores?

FICO and VantageScore credit scores are the two most common types of personal credit scores. Business credit scores use ...

FICO Deepens Credit Infrastructure Role With Score 10T And Tech Mahindra Partnership

FICO (NYSE:FICO) reports wider adoption of its FICO Score 10T credit scoring model among community lenders. The company also announces a global partnership with Tech Mahindra to create a Centre of ...
ABC 7 Chicago

New FICO credit scoring changes: What to do now to avoid negative credit later

NEW YORK -- It may soon be harder for many of us to get loans and open new credit. FICO, the system which calculates credit for roughly 110 million Americans, is changing the way it assigns scores, ...

Looking to buy a new home this year? FICO scores are critical

Looking to buy a new home in the new year? There’s one magic number that could make or break a consumer’s chances. When it ...
Opinion

AI Is Coming For Your Credit Score: Is It Good For Consumers?

Got FICO? Drop below 700, and you’ll be limited to loans carrying the highest interest rates or often no loans at all. Sound outdated? It is.
Hosted on MSN

FICO shares surge on plan that could cut Experian, Equifax out of credit reporting for mortgages

Fair Isaac Corp.’s shares surged in Thursday morning trading after the US data analytics company said it would license its credit scores directly to mortgage resellers, raising concerns of margin ...