News
High-Income Borrowers Pull Back As Credit Demand Softens: Trans Union
2+ hour, 41+ min ago (764+ words) Fewer Americans expect to apply for new credit or refinance existing debt over the next year, according to Trans Union's Q2 2026 Consumer Pulse Study, with the sharpest pullback coming from higher-income households that have remained among the most active borrowers during…...
FHFA Opens Door To Credit Score Competition As Fannie, Freddie Move Forward With Vantage Score 4. 0
1+ mon, 2+ week ago (672+ words) The Federal Housing Finance Agency (FHFA) is pushing the mortgage industry into a new phase of credit score competition, with both Fannie Mae and Freddie Mac taking steps to operationalize the use of alternative scoring models alongside traditional FICO. The…...
FICO Called Out For Hefty Price Hikes
2+ mon, 5+ day ago (448+ words) The Community Home Lenders of America (CHLA) is criticizing FICO for significant price increases on credit scores, which have risen by more than 10 times over the last four years. The average fee for pulling a FICO score now stands at…...
Mortgage Credit Score Reform Could Yield $648 M In Annual Savings
3+ mon, 1+ week ago (357+ words) A recent policy change allowing greater competition in mortgage credit scoring could generate nearly $650 million in annual savings for lenders and borrowers, according to a new analysis released by Vantage Score. Beyond direct financial savings, the report highlighted potential operational…...
FICO, Meridian Link Aim To Lower Credit Score Costs For Mortgage Lenders
3+ mon, 2+ week ago (403+ words) Global analytics software firm FICO has partnered with Meridian Link to expand access to its FICO Mortgage Direct License Program, a move aimed at streamlining credit score delivery and lowering costs for mortgage lenders. The direct delivery model enables tri-merge…...