The FHFA’s decision to allow lenders to use VantageScore 4.0 for Fannie Mae and Freddie Mac mortgages marks a major milestone in making homeownership more accessible to millions of prospective homebuyers, as highlighted by Newsweek.

Under Director Pulte’s leadership, the FHFA’s long-expected decision to accept VantageScore 4.0 will revolutionize the American mortgage market and grant millions of creditworthy Americans the golden opportunity to own their homes

— Silvio Tavares, President and CEO of VantageScore.

This announcement comes as housing costs remain historically high around the country, locking potential homebuyers out of the market. VantageScore 4.0 allows lenders to factor in rent and utility payments - expenses that have traditionally been excluded from credit assessments. By recognizing more indicators of creditworthiness, VantageScore 4.0 opens new doors for renters and others with limited credit histories.

Housing advocates have praised the decision as a win for consumers and “a major step toward a more accurate and equitable mortgage underwriting process.”

For more information on VantageScore 4.0 implementation, please visit VantageScore’s Mortgage landing page.

https://www.newsweek.com/trump-admin-announces-huge-change-help-homebuyers-2096925