Articles relating to "Credit scores":
Major changes coming to credit score calculations (4/19/2017)
The changes, however, might not help mortgage borrowers since Fannie Mae and Freddie Mac still require a FICO score for eligibility.
When is a credit score not a credit score? (3/27/2017)
CFPB, the U.S. consumer watchdog, fined Experian – one of the big three credit score agencies – $3M for saying that the scores it sold to consumers were the same ones used by credit agencies when they made lending decisions.
Can U.S. approve more mortgages without more risk? (2/21/2017)
CFPB, the nation’s consumer bureau, hopes to help dependable, credit-iffy people qualify for a mortgage by adding “alternative data” to credit score calculations. Through comments, it hopes to identify potential benefits and unforeseen risks.
Transunion, Equifax cited for credit score deception (1/4/2017)
Consumers who tried to boost their credit scores through programs offered by two of the nation’s three largest credit score providers may have been deceived, according to the Consumer Financial Protection Bureau.
Great credit is a powerful tool (11/7/2016)
A good credit scores saves its owner a lot of money: A 760 score compared to 620 would save $65,000 on a $200,000 mortgage and $5,100 on a $30,000 auto loan.