fnma: FICO Score 9 – Why Home Buyers Shouldn’t Hold Their Breath
- 08/13/14 11:53 PM
Much attention has focused on the announcement that FICO is releasing an updated credit scoring model entitled FICO Score 9. This new algorithm which is scheduled to be available in the fall touts 3 primary improvements, Once repaid, debts that went to collection agencies won’t count against a consumer’s FICO score. Medical debts will have a lesser negative impact on consumer scores. The median FICO score for consumers whose only major derogatory references are unpaid medical debts is expected to increase by 25 points. A better technique to determine credit creditworthiness of consumers with little credit history (often referred to as … (1 comments)
Much attention has focused on the announcement that FICO is releasing an updated credit scoring model entitled FICO Score 9. This new algorithm which is scheduled to be available in the fall touts 3 primary improvements,
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