$TRU 0.60 Developing

Notable posts

• @wallstengine bearish 270 eng

  Mortgage credit scoring is getting a major shake-up. FHFA Director Bill Pulte ordered Fannie Mae and Freddie Mac to immediately allow all approved mortgage lenders to use VantageScore, ending the initial 50-lender rollout and opening one of $FICO’s biggest strongholds to direct competition. That is negative for FICO, which has long dominated mortgage scoring. $EFX, $TRU and $EXPN are also under pressure, even though they jointly own VantageScore. Pulte separately criticized the three credit bureaus over pricing and said FHFA is considering a “bi-merge” system, which would let lenders pull credit data from only two bureaus instead of all three. That could reduce the number of credit reports purchased per mortgage and pressure bureau revenue.

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