A simple three-digit number can determine whether or not you can finance your next home or car, and it can also stipulate what interest rate you receive. If you’re planning on applying for a mortgage ...

FICO’s agreement to release long-delayed historical 10T data clears the final obstacle to implementing more modern, inclusive credit scoring models at Fannie Mae and Freddie Mac In a move that Federal ...

Exactly 30 years ago, Fannie Mae and Freddie Mac adopted credit reports and their scores from FICO as a basis for mortgage credit decisions (approval or denial) and risk-based loan pricing. That FICO ...

Changes in the way credit scores are determined are on their way. The change means that millions of people could end up paying more when they take out a loan. FICO scores are used to assess a consumer ...