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Mortgage lenders can use VantageScore 4.0 for Fannie and Freddie loans
The change allows mortgage lenders that work with Fannie Mae and Freddie Mac to use VantageScore 4.0.
CNBC Real Estate reports that mortgage lenders that work with Fannie Mae and Freddie Mac, the government-sponsored enterprises, have the green light to use VantageScore 4.0.
The update affects lenders that choose to use the credit scoring model in their mortgage credit evaluation process for qualifying loans backed by those entities.
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