Fannie Mae and Freddie Mac are making a major change to how Americans may qualify for a mortgage.The government-backed mortgage giants said Wednesday they will begin allowing loans evaluated using VantageScore 4.0, a newer credit scoring model that can incorporate data such as rent and utility payment history.The change will initially roll out on a limited basis, beginning with a group of approved lenders, as part of a broader credit score modernization effort led by the Federal Housing Finance Agency (FHFA).HOUSING CRISIS HITS ALL AGES AS HOMEOWNERSHIP DECLINES NATIONWIDE"It is only thanks to...
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