Fannie Mae's credit scoring change could open up property loans to more Americans, but experts say risks remain.

NEW YORK, New York -- The math behind your credit score is getting an overhaul, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers. Most ...

Still, 44% of BNPL users worry about how these loans could affect their credit score — and with good reason. Credit scoring ...

Private mortgage insurance companies still require a minimum 600 or 620 middle credit score for borrowers putting less than 20% down.

A shift in credit score requirements could completely change the buying process for prospective homeowners, but there are a ...

Starting next week, Fannie Mae is eliminating its minimum 620 credit score requirement for borrowers seeking loans that will ...

NEW YORK -- It may soon be harder for many of us to get loans and open new credit. FICO, the system which calculates credit for roughly 110 million Americans, is changing the way it assigns scores, ...

Americans who are struggling to pay off their debt could see lower FICO credit scores in their future, especially if they miss payments. Fair Isaac Corp., the company behind the popular FICO credit ...

Changes in the way credit scores are determined are on their way. The change means that millions of people could end up paying more when they take out a loan. FICO scores are used to assess a consumer ...

Have you ever checked your credit score right after making a payment, only to find it hasn’t changed at all? It can feel confusing or even frustrating, leaving you to wonder: “When do credit scores ...

BOZEMAN, Mont.--(BUSINESS WIRE)--Global analytics software leader FICO (NYSE: FICO) today announced a new analytic tool for mortgage professionals, the FICO® Score Mortgage Simulator. The innovative ...