The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for borrower applications.

With BNPL loans exploding in popularity, a change is coming to credit scoring that shows just how mainstream they have become in consumer finance.

Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to assess creditworthiness for government-sponsored Fannie Mae or Freddie Mac mortgages.

From checking your credit score too often to carrying a credit card balance, we're taking the mystery out of how credit scores work can help you boost your rating

A new rule could help millions qualify for a mortgage, especially renters, gig workers and those with limited credit history. This marks a significant shift in mortgage lending, as Fannie Mae and Freddie Mac will now permit lenders to use VantageScore 4.

Fannie Mae and Freddie Mac will accept a credit scoring model for mortgage applications that captures rent and utility payments in credit history, a move that could help more borrowers qualify for home loans.

The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student lo

FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing applicants.

Your credit score has a big impact on how easily and affordably you can borrow money - yet many people have no idea how it's calculated. Money experts explain what it is and how you can improve it.