Mortgage Capital Trading, Inc. (MCT) and FICO have announced a strategic collaboration to integrate FICO® Score 10 T into MCT Marketplace, the largest U.S. mortgage asset exchange. This integration is ...

What’s next for mortgage scoring? In this interview, FICO’s Joe Marsocci sits down with Diego Sanchez to explain how Score 10T is reshaping underwriting and capital markets strategies. The adoption ...

Comprised of VA loans, the pool offers proof of concept for changes to be required by the FHFA by late 2025. Fannie-Freddie seller and servicer Cardinal Financial has originated its first VA loans ...

The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T ...

Until recently, lenders that sell mortgages to Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee about half of U.S. mortgage debt, could review credit scores only from ...

Your editorial “How to Increase Mortgage Defaults” (July 10) is correct: The use of a score with less rigorous credit criteria than FICO’s would put the safety and soundness of the $12 trillion U.S.

Even if conforming mortgage lenders were ready to adopt VantageScore 4.0 tomorrow, several industry players warn that infrastructure and policy alignment are still lacking — and that the road to ...

FICO Scores are the most common scores used by lenders across the U.S. There are multiple versions of FICO scores, each using different criteria. Differences are typically minor and unlikely to impact ...