Mmastodon BusinessReal Estate first seen 2 d ago, last 1 d ago, peak #1
Credit-Score Shift at Fannie and Freddie Rattles Mortgage Market
Original: A Credit-Score Shift at Fannie and Freddie Is Shaking Up the Mortgage Market https://www.wsj.com/finance/regulation/a-cr
Fannie Mae and Freddie Mac are moving to new credit-score models for mortgages, a change that is reshaping how lenders evaluate borrowers and shaking up the mortgage market. The shift, reported by the Wall Street Journal, has lenders and housing industry participants debating how the updated scoring standards will affect loan approvals, pricing, and access to credit for homebuyers.
Why now: Regulators and lenders are actively adjusting to the new credit-score requirements, and the changes could affect millions of prospective homebuyers and mortgage pricing.
Fannie MaeFreddie MacWall Street JournalUS mortgage market
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- A Credit-Score Shift at Fannie and Freddie Is Shaking Up the Mortgage Market https://www.wsj.com/finance/regulation/a-credit-score-shift-at-fannie-and-freddie-is-shaking-up-the-mortgage-market-85b41d3f?mod=rss_markets_main # Finance # Economy # RealEstate · wsj_markets@robot.villas · 2
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