U.S. Director of Federal Housing Bill Pulte Posts On X "Effective Today, in the interest of transparency, ALL Mortgage Backed Securities (MBS), ALL Credit Risk Transfers (CRT), and ANY Securitized Product issued by Fannie Mae and Freddie Mac will now carry a VantageScore, in addition to a FICO score. One company cannot hold the market hostage. Americans and Investors and the market want change."
https://x.com/pulte/status/2097753235100512596
A government official said mortgage companies must now use a new credit-scoring method (VantageScore) alongside the old one (FICO) to give people and investors more choices. This is a big shake-up that could change how mortgages work, so watch whether lending companies and investors adapt smoothly or push back.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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