New Help Is Here for Mortgage Lenders: VantageScore Launches Mortgage Center [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
SAN FRANCISCO Nov. 18, 2024 /PRNewswire/ -- VantageScore , a leading national credit-scoring company, today launched a new Mortgage Resource Center to enable lenders transitioning to VantageScore 4.0 for mortgages. In 2018, the Credit Score Competition Act ushered in a new era of homeownership requiring the use of new and more modern credit scores for mortgage lending including the VantageScore 4.0 credit score. This year, many of the largest government-sponsored mortgage enterprises ("GSEs") adopted VantageScore 4.0 with immediate effect. These GSEs include the Veterans Administration Federal Home Loan Bank of New York Federal Home Loan Bank of Chicago and Federal Home Loan Bank of San Francisco . Fannie Mae and Freddie Mac will begin requiring VantageScore 4.0 in 11 months. VantageScore's Mortgage Resource Center is a comprehensive platform offering essential tools for lenders so they can start using VantageScore 4.0 immediately, including: Migration Playbook: VantageScore's of
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FMCC
News
- Average 30-year mortgage rate in the U.S. rises to highest level since July [Investment Executive - News]Investment Executive - News
- Bad news if you're looking to buy a house in the next two years [CNN]CNN
- 3 Maine counties now have median home price over $500,000 [Yahoo! Finance]Yahoo! Finance
- Average rate on a 30-year mortgage in the US rises to highest level since July [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates rise after home sales jump in October [Yahoo! Finance]Yahoo! Finance
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 11/21/24 - Form ABS-15G
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website