James Kleimann on the VantageScore announcement
HousingWire Daily
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Navigating Compliance Changes in the Mortgage Sector
This chapter explores recent announcements regarding compliance in the mortgage industry, focusing on the implications of new credit scoring models, particularly VantageScore 4.0. Industry professionals express concerns about the uncertainty surrounding these changes and their potential impact on loan pricing and insurance practices. The discussion highlights the need for clarity and streamlined processes to improve consumer access to credit information and enhance homeownership opportunities.
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