Brind.

Equifax, Experian, and TransUnion launch VantageScore 4.0 model

1 report, 1 independent Updated Wed 00:00

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Equifax, Experian, and TransUnion jointly offered the VantageScore 4.0 credit scoring model. This model is available through these agencies and various mortgage technology providers. The use of VantageScore in the mortgage industry was pioneered by Freddie Mac, Fannie Mae, Federal Home Loan Banks, the FHA, and the VA.

From mortgagenewsdaily.com

Why it matters

Some supportBrind's analysis of the reports

The joint offering reinforces the influence of the participating credit bureaus and mortgage finance institutions in setting industry standards. Companies such as Fairway Independent and Movement are already implementing the new VantageScore 4.0 model.

From mortgagenewsdaily.com

Who's involved

EquifaxCo-owner of the VantageScore 4.0 credit scoring model.
ExperianCo-owner of the VantageScore 4.0 credit scoring model.
Federal Home Loan BanksPioneered the use of VantageScore in mortgage finance.
Freddie MacPioneered the use of VantageScore in mortgage finance.
TransUnionCo-owner of the VantageScore 4.0 credit scoring model.
Fannie MaePioneered the use of VantageScore in mortgage finance.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

Federal Home Loan BanksSpeculative
Federal Home Loan Banks might see increased industry influence in mortgage finance.
EquifaxSpeculative
Equifax could increase market relevance and product value through co-ownership of the model.
ExperianSpeculative
Experian could increase market relevance and product value through co-ownership of the model.

Keep exploring

The entities involved

Equifax
consumer credit reporting agency
- Microsoft, Booz Allen Hamilton, ManpowerGroup, and Robert Half were mentioned in the context of thematic investing and their presence in the professional services segment.03:21
- Josie, who is from Alabama, disputed credit inquiries and found identical Experian reports while in Montgomery, Oklahoma.Sat 07:23
Experian
Irish company that provides information services
- Experian is providing data on average driver costs while S&P Global tracks rising auto insurance rates.Sat 18:30
Federal Home Loan Banks
U.S. government-sponsored banks that support housing finance

Nothing else this week.
Freddie Mac
American government-sponsored enterprise
- Facts were reported regarding Freddie Mac's MBS guarantees, Altria's ownership of Marlboro, and Energy Transfer's status as a midstream company.Sun 15:51
- PPIC analyzed housing affordability in Sacramento, prompting Fannie Mae and Freddie Mac to back mortgages for home purchases.Fri 14:13

Related events

Coverage

Newest first; wire copies grouped

Wed 00:00mortgagenewsdaily.com