Bill Pulte declared by tweet that homebuying costs would be lower if FICO had competition—a move that instead risks pushing credit-score prices higher.

In a bid to lower closing costs on home purchases, Federal Housing Finance Agency Director Bill Pulte sought to reduce the mortgage credit score fee by opening up competition in the sector.

The credit score firm partnered with Plaid to bring additional cash-flow data into its previously released UltraFICO score.

FICO will incorporate Buy Now, Pay Later (BNPL) loan data into credit scores starting fall 2025. This change aims to provide lenders with a more complete picture of consumers' repayment habits.

Even though Fannie Mae dropped its FICO minimum, individual lenders still have the ability to set their own credit score requirements. "That being said, there may be cases where someone with a 597 ...

Fair Isaac Corporation's moat is being tested by the recent changes in the mortgage credit score system. But the real impact is limited: mortgage originations account for 44% of scores' revenues, and ...

Americans now have a new credit option to use when applying for a mortgage, and it allows them to use their rent payments as a qualifying factor. President Donald Trump's administration announced this ...

VantageScore 4.0 is now being accepted by Fannie Mae and Freddie Mac. This is a “big negative” for Fair Isaac, and not many lenders may actually adopt VantageScore. September’s volatility catalysts ...