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

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

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

This week opens with two major developments for mortgage financier Fannie Mae, setting the stage for potential significant movement in its shares. The company has eliminated its longstanding minimum ...

New guidelines should provide homeownership opportunities for certain consumer segments with thin credit files and open up product options, lenders said.

Socializing risk to subsidize demand isn't a solution to the housing crisis, but it is a good start to another financial ...

Exactly 30 years ago, Fannie Mae and Freddie Mac adopted credit reports and their scores from FICO as a basis for mortgage credit decisions (approval or denial) and risk-based loan pricing. That FICO ...

Lenders who sell mortgages to Fannie Mae and Freddie Mac used to only be able to use FICO for loan qualification. Now there's ...

A regulator’s decision to allow a big change to the way mortgages are underwritten is meeting a mixed reception from housing and finance professionals. “Effective today, to increase competition to the ...