Daily Market Updates: Fannie and Freddie’s credit-score shift reshapes mortgage pricing

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Fannie and Freddie’s credit-score shift reshapes mortgage pricing

Reported · Written up by our desk · Mortgages

WSJ Markets reports that the Trump administration and lenders are backing a change at Fannie Mae and Freddie Mac that would adopt a rival to the FICO credit-score model.

The outlet says the move is intended to lower mortgage costs, while some critics have raised concerns about potential underwriting risk tied to the new scoring approach.

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Sources

WSJ MarketsA Credit-Score Shift at Fannie and Freddie Is Shaking Up the Mortgage Market

Real Estate

Fannie and Freddie’s credit-score shift reshapes mortgage pricing

More like this

Sources

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