Mortgage credit scoring options are expanding. Fannie Mae and Freddie Mac have broadened access to VantageScore® 4.0 for eligible conventional loans, while the Federal Housing Administration (FHA) is preparing to accept VantageScore 4.0 and FICO® Score 10T alongside Classic FICO beginning January 1, 2027. These developments do not mean Classic FICO is disappearing. They do […]
On September 2, Freddie Mac issued Bulletin 2026-12, introducing several updates that are effective immediately and may provide additional flexibility for mortgage sellers. One notable change adds a written verification of employment (VOE) as eligible documentation for an automated income assessment used to determine eligibility for representation and warranty relief related to income calculation accuracy. […]
Mortgage lenders are approaching an important appraisal reporting deadline. Beginning November 2, 2026, Fannie Mae and Freddie Mac will require UAD 3.6 for all new appraisal reports submitted through the Uniform Collateral Data Portal (UCDP). The Uniform Appraisal Dataset (UAD) is a standardized industry dataset for appraisal property reporting. Although UAD 3.6 has been available […]
