Fannie Mae and Freddie Mac will accept a credit scoring model for mortgage applications that captures rent and utility ...

Buy now, pay later is an increasingly popular way to shop online that lets you split a purchase into multiple payments over ...

BNPL companies like Afterpay and Klarna will begin reporting users’ loans and payments to FICO, the company behind the most ...

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 ...

Freddie Mae and Fannie Mac are now allowed to calculate rent history in the algorithm for determining credit history loan ...

Mortgage lenders can now use the VantageScore 4.0 model when originating loans backed by Fannie Mae and Freddie Mac, which ...

With BNPL loans exploding in popularity, a change is coming to credit scoring that shows just how mainstream they have become ...

FICO said the introduction of this scoring represents a significant shift, as lenders catch up with consumers’ growing ...

The FHA just loosened up—big time. The Department of Housing and Urban Development (HUD) recently rescinded multiple rules tied to FHA single-family lending—loosening appraisal standards, lifting some ...

Typically, when using Buy Now, Pay Later loans, consumers pay for a given purchase in four installments over six weeks, in a ...