The Score
Join Jeff Richardson he hosts VantageScore’s newly recast podcast, THE SCORE podcast, for the lending community. Each week he and his guests—journalists, academics, researchers, and others in the know—explore concepts important to lenders like you. Tune in and learn what you need to know to tap new credit-worthy borrowers to grow your portfolio—while supporting financial equality and inclusion.
The Score
BROADENING ACCESS TO HOMEOWNERSHIP: VantageScore 4.0 implementation for GSE-funded mortgages and the balance between expanding financial inclusion and risk management
Is there a tradeoff between expanding the pool of potential mortgage eligible consumers and sacrificing risk management?
The Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac, has mandated use of VantageScore 4.0 with a 3-year roadmap for implementation. Meanwhile, millions of creditworthy consumers are on the outside of the American Dream of homeownership, looking in.
On this week’s episode of The SCORE, we hear from Tony Hutchinson, Senior Vice President of Industry and Government Relations at VantageScore. Tony explains where we are on the road to VantageScore 4.0 implementation for GSE-funded mortgages, the positive reception to VantageScore from lenders, and the populations most impacted by maintaining the status quo.