Trump administration pushes Fannie Mae and Freddie Mac to adopt new credit scoring model
The Trump administration has directed Fannie Mae and Freddie Mac to adopt the VantageScore 4.0 credit scoring model, which includes data like rent and utility payments. This change, part of a broader credit score modernization effort by the FHFA, is expected to benefit tens of millions of Americans. The rollout will begin with approved lenders.
Topics: credit scoring Fannie Mae FHFA FICO Score 10T Freddie Mac mortgage qualification VantageScore