Fannie Mae and Freddie Mac will accept a credit scoring model for mortgage applications that captures rent and utility payments in credit history, a move that could help more borrowers qualify for home loans.

A new rule could help millions qualify for a mortgage, especially renters, gig workers and those with limited credit history. This marks a significant shift in mortgage lending, as Fannie Mae and Freddie Mac will now permit lenders to use VantageScore 4.

Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to assess creditworthiness for government-sponsored Fannie Mae or Freddie Mac mortgages.

The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for borrower applications.

Against this backdrop of higher credit scores, TransUnion recapped consumer demand for credit rebounded starting in mid-2021, as many government assistance programs ended and inflation began to rise.

With BNPL loans exploding in popularity, a change is coming to credit scoring that shows just how mainstream they have become in consumer finance.

Nearly one in five consumers who used TransUnion’s CreditView Dashboard at least once through their banks and credit unions saw their scores improve 40 points or more in 2018.

The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student lo

CNBC Select dives into the $23 million settlement TransUnion agreed to after plaintiffs accused it of failing to remove invalid credit inquiries.