By Brad Beckett on May 5, 2026
The U.S. Department of Housing & Urban Development recently announced that the Federal Housing Administration, Fannie Mae, and Freddie Mac will adopt new mortgage credit score models, including VantageScore 4.0 and FICO 10T. Click here to read more.
The update aims to lower borrowing costs and expand access to homeownership, especially for overlooked borrowers. The move advances the Credit Score Competition Act of 2018, increasing competition, flexibility, and modernizing mortgage underwriting.
““By embracing additional predictive credit scoring models, we are taking a meaningful step toward expanding access to homeownership – particularly for creditworthy borrowers who may have been overlooked under older systems…This exciting announcement is in service to President Trump’s promise to restore the American Dream of homeownership.” Said HUD Secretary Scott Turner. “
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