Reported 3 days ago
A significant change in credit score evaluation now allows an additional 4.9 million Americans to potentially qualify for mortgages backed by Fannie Mae and Freddie Mac. The Federal Housing Finance Agency's decision to include VantageScore means that many consumers who have been previously excluded, particularly those with rental payment histories, can now access mortgage financing. This move is expected to increase homeownership opportunities, especially for creditworthy borrowers who have been left behind.
Source: YAHOO