Experian, FICO and Fincity are touting a new credit scoring model they say can increase access to credit for millions of U.S. citizens. UltraFICO, as the new model is known, takes into account more than just the information reported to the three main credit scoring agencies, Experian, Equifax and TransUnion. It also looks at consumer’s
FHFA suspends plans to update its credit scoring model
July 28, 2018 by
This week it was revealed that an initiative to update the Federal Housing Finance Agency’s credit score model, which is used by both Fannie Mae and Freddie Mac, is being suspended.
