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The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s annual conference that it will begin the implementation process for two new credit scoring models for mortgages. This marks the first update to credit scoring models in 20 years and makes homeownership more accessible.
Urban Institute research backed by the Federal Home Loan Bank of San Francisco suggests using rent and utility reporting for this purpose is complicated but has a net benefit.
Outstanding balances have grown 81% over the last twelve months, with WA high balances of $648, in relation to their WA available credit lines of $947.
What is ACA working on right now? Here’s a recap of our recent projects and news coverage, focused on leadership goals, and ongoing advocacy.
There’s a common misconception that if you check your credit reports from the three nationwide credit bureaus, you’ll also see your credit scores.