Back in October of 2022, the Federal Housing Finance Association announced that it would require the FICO 10T credit score model and the Vandgaurd 4.0 model to be used by Fannie Mae and Freddie Mac.
In furtherance of this announcement, the FHFA has also announced a multi-year phase in of the new score models, expected to be completed by the fourth quarter of 2025. So what does this mean for consumers?
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