A Fight Over the Credit Score Lenders Use for Your Mortgage

www.wsj.com

The Federal Housing Finance Agency’s ultimate decision could have wide-reaching ramifications for the mortgage market and home buyers across the U.S. Many nonbank lenders, which in some recent quarters have accounted for more than half of the mortgage dollars issued in the U.S., want the ability to use a credit score provided by a company owned by credit-reporting firms Equifax, Experian, and TransUnion.

Continued push for "alternative data" in mortgages and thus also the broader lending landscape.

Read more...
Linkedin

Want to receive more content like this in your inbox?