The Appraisal Blog

Alternative Credit Scores
December 9th, 2022 8:38 AM
Traditional FICO scores don't work for some potential home buyers when evaluating their credit worthiness.  As a result FNMA/FHLMC will now allow alternative forms of credit called the FICO 10T and VantageScore 4.0 which take things like rent, utilities and telecom payments into consideration.



https://www.marketwatch.com/story/fannie-mae-freddie-mac-to-use-alternative-credit-scores-what-that-means-for-potential-homebuyers-11666643196
Posted in:Lending and tagged: #Lending#HomeBuying#FNMA
Posted by Robert Abbott on December 9th, 2022 8:38 AMPost a Comment

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