- Global credit card market trends are currently under pressure.
- Legislation passed on May 28th helped create credit scoring competition and established new roles for regulators and conservators of Fannie and Freddie.
The U.S. government allowed Fannie Mae and Freddie Mac to use VantageScore for credit scoring purposes.
5 reports, 2 independent
Updated Sep 14
Gone quiet
- Reports
- 5
- Developments
- 2
- Repetition
- 60%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary 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
The U.S. government allowed Fannie Mae and Freddie Mac to use VantageScore for credit scoring purposes.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Government approval allows Fannie Mae and Freddie Mac to use VantageScore.1 source
- The two mortgage giants jointly developed VantageScore and allowed its use for lenders.
Keep exploring
The entities involved
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FICO
company
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Fannie Mae
government-backed financial services company
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Freddie Mac
American government-sponsored enterprise
Related events
- Fannie Mae and Freddie Mac are operating under US administration programs and have increased loan modifications and refinancings.
- Fannie Mae and Freddie Mac are currently involved in setting market standards as Government Sponsored Enterprises (GSEs).
- Freddie Mac and Fannie Mae are operating within the U.S. housing market and conducted foreclosure prevention actions on May 20th.
- FHFA allowed alternative credit scores for Fannie Mae and Freddie Mac, while Bill Pulte criticized FICO's recent price increases.
- GSEs are allowing credit score shopping between FICO and VantageScore, driven by political pressure to take on more risk.
Coverage
Newest first; wire copies grouped- dakotawarcollege.com
- Motley Fool1 Magnificent Growth Stock Down 43% to Buy and Hold Forever Fair Isaac's FICO score could face new competition in mortgages originated through Fannie Mae and Freddie Mac. The stock's tumble could be
- Unknown outlet
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