HUD will start accepting VantageScore 4.0 and FICO TNT, which should broaden credit evaluation to include rental history and increase the pool of potential homebuyers by the end of the year, a regulatory tailwind for FICO score adoption.
Deregulation brings community banks into mortgages.
The administration's executive order to increase mortgage and credit market access is designed to bring hometown lenders, community banks, and credit unions back into mortgage lending after being sidelined since Dodd-Frank, which supports local and rural mortgage activity.