The following is a good read on what is going on in the credit reporting world
The short is that the FICO scoring system has been revamped to attempt to better predict risk.
"Ulzheimer said. But for mortgages, lenders doing traditional conforming loans backed by Freddie Mac and Fannie Mae likely haven't made the move yet, he said. That's because they're waiting for Freddie and Fannie to approve its use. Freddie Mac and Fannie Mae "are essentially the lender... they're the ones that set the underwriting criteria," he said"
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