Originations of home loans with primary mortgage insurance declined during the third quarter as rising interest rates stymied refinance activity across the board. (Includes four data tables.)
FICO’s CEO William Lansing was highly critical of the FHFA’s decision to treat Classic FICO and VantageScore 4.0 the same in terms of loan-level price adjustments.
As FICO transitions to new pricing for credit scores used for mortgage originations, the company is not sharing additional details on its other scoring programs and the related pricing.