Transparency into this credit score evaluation is essential to maintaining trust and confidence across the mortgage industry.

The Federal Housing Finance Agency’s interim “lender choice” policy introduces a dangerous precedent that increases adverse selection risk that will raise prices for consumers. 

An analysis by FICO data scientists has found that FICO Score 10T significantly outperforms VantageScore 4.0 in mortgage origination predictive power. 

Inappropriate comparisons between credit scoring models could threaten liquidity and consumer access to affordable credit

The FICO Score is a primary factor in determining consumer credit risk for mortgage originations, secondary market, and portfolio management with consumer and regulatory benefits

What student loan borrowers can do to help avoid negative impacts to their credit scores as the federal loan “on-ramp” period ends

The royalty FICO collects for the FICO Score is the lowest among all other components commonly included in mortgage closing costs.

Credit card delinquencies are stabilizing in early buckets while consumers continue to spend

More consumers are carrying credit card balances despite high rates, and delinquency rates continue to rise

Milliman assessment evaluates updated FICO models coming to mortgage industry

Higher prices keep customers in a pinch from making on-time payments

The pandemic caused behavioral impacts on credit card payments of consumers for revolving products, where the minimum due is a small percentage of the current credit card balance

Leveraging FICO’s heritage of scoring expertise, FICO® Score 10T is built with trended credit data enabling a higher level of predictive power

Bankcard delinquencies exceed pre-pandemic levels, higher losses are forecasted ahead