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| Name | Symbol | Market | Type |
|---|---|---|---|
| Experian Plc (QX) | USOTC:EXPGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.62 | 1.54% | 40.89 | 40.56 | 41.06 | 41.0199 | 40.338 | 40.59 | 50,885 | 21:05:29 |
From May 2019 to May 2024
By Andrew Ackerman
WASHINGTON -- One firm's dominance over the credit scores used to vet many U.S. mortgages is getting a shake-up.
Fannie Mae and Freddie Mac, two mortgage-finance firms that back nearly half of U.S. mortgages, will have to consider credit-score alternatives to Fair Isaac Corp.'s FICO score when determining a mortgage applicant's creditworthiness, under a new rule completed on Tuesday by the mortgage-finance giants' federal overseer.
The move by the Federal Housing Finance Agency is seen as a win for VantageScore, a credit-score system by VantageScore Solutions LLC, which is owned by the three large credit-reporting firms: Equifax Inc., TransUnion and Experian PLC.
Tuesday's rule sets up a four-phase process for Fannie and Freddie to validate and approve credit score models. The measure is required by a regulatory rollback signed into law last year.
(More)
AnnaMaria Andriotis contributed to this article.
(END) Dow Jones Newswires
August 13, 2019 14:17 ET (18:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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