In the world of finance, credit scoring models play a pivotal role for lenders. They provide an objective lens for assessing risk, with elements like payment history significantly impacting scores.

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 ...

Evaluate the performance of your scoring model every 30 days and refine it as you see fit. Find out if there are low-scoring leads that converted and high-scoring leads that did not.

The average credit score in February 2025 was 715, according to FICO, the data analytics firm whose scoring models are used in 90% of lending decisions. That's compared to 716 in January 2025 and ...

Staff involved in credit assessment, underwriting, and risk management will likely require training to understand VantageScore 4.0, including its methodology, score ranges, and how it differs from ...

In 1995, the mortgage buying and securitizing giants Fannie Mae and Freddie Mac began requiring the use of an obscure credit scoring model as part of lenders' evaluation of potential homebuyers. Thus ...

FICO offers several scoring models. NerdWallet spokesperson Sara Rathner said lenders adopting new scoring takes time and most consumers likely won’t notice the change this fall.