VantageScore
63
MENTIONS
27
EPISODES
24
PODCASTS
Search complete. 63 mentions across 27 episodes found for "VantageScore".
Sep 11, 2026
Steve EismanHOST
[laughs] This week, Pulte was back at it, criticizing FICO and the credit bureaus again.
Steve EismanHOST
Prior to last week, VantageScore, the competition for FICO, was only available as a pilot program.
Steve EismanHOST
Now it is available to all lenders.
Steve EismanHOST
My view, I think FICO's monopoly is going to break, and break badly, and I still like this short.
Jim GlennonHOST
I totally agree.
Jim GlennonHOST
He's had some good insights about the housing industry, interest rates, the Fed, even a little bit on VantageScore that I thought was really interesting.
Jim GlennonHOST
What was your favorite maybe stat or theory that he had about maybe what happens in the future?
Vimi VasudevaGUEST
I think it was interesting that he brought in the release of the iPhone 18 and what that actually says about our economy.
Zak PaineHOST
If you didn't have a good FICO score, then obviously that would get you a much higher interest rate.
Zak PaineHOST
On Thursday, Pulte announced he's ordering mortgage giants Fannie Mae and Freddie Mac to approve every lender seeking to use VantageScore as an alternative to FICO, effective immediately.
Zak PaineHOST
According to Pulte, the price charged for an individual FICO score has skyrocketed by an astounding 1,800%.
Zak PaineHOST
since 2020.
Zak PaineHOST
Biden-era FHFA leadership dithered.
Zak PaineHOST
Classic FICO remained the only score that mattered for the two companies that backed nearly half of all U.S. residential mortgages.
Zak PaineHOST
But in April, Pultean Housing and Urban Development Secretary Scott Turner announced that Fannie Mae, Freddie Mac, and the Federal Housing Administration would begin implementing VantageScore 4.0 and FICO 10T, the first major modernization of federal mortgage credit scoring models in decades.
Zak PaineHOST
All right, and I lied.
speaker_0HOST
In Mumbai, Salesforce India's Arundhati Bhattacharya is listed to appear at a separate industry event the same evening.
speaker_0HOST
US directs Fannie Mae, Freddie Mac to expand VantageScore use in housing finance.
speaker_0HOST
The US Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to allow all approved mortgage lenders to use VantageScore four point zero, widening access to an alternative to the widely used FICO credit scoring system.
speaker_0HOST
The move follows an initial rollout in which fifty lenders had begun delivering loans using VantageScore.
speaker_0HOST
The decision has intensified competition in the US mortgage credit scoring market and put pressure on FICO and the three major credit reporting agencies.
speaker_0HOST
The administration is also considering changes to the way credit reports are used to assess mortgage borrowers.
Dwight MillardGUEST
Oh, I am fine? Okay, okay.
Corey EdgeHOST
Hey, Dwight, there was an article, I think, in the Wall Street Thursday or Friday that Holti is going to force Fannie and Freddie to start using VantageScore.
Jon SanchezHOST
Right.
Jon SanchezHOST
Does that –
Robbie ChrismanHOST
One other place of focus is what's going on with FHFA.
Robbie ChrismanHOST
Fair Isaac stock crashed 17% on Friday after FHFA director Pulte ordered Fannie Mae and Freddie Mac to approve every mortgage lender in the country to use rival VantageScore, effective immediately.
Robbie ChrismanHOST
Rumors quickly swept the industry that Pulte had told selected parties ahead of time that he would be announcing this on social media.
Robbie ChrismanHOST
The share price of TransUnion and Equifax, VantageScore's co-owners, along with Experian, fell over 6% each after Pulte separately accused the credit bureaus of overcharging Americans for far too long and floated by merge reporting as an alternative.
Robbie ChrismanHOST
Rumors aside, Pulte's directive builds on a mandate that already existed on paper.
Robbie ChrismanHOST
The 2018 Credit Score Competition Act, which President Trump signed during his first term but told federal housing regulators to let Fannie Mae and Freddie Mac approve additional scoring models for mortgage underwriting.
Robbie ChrismanHOST
The Trump administration frames Friday's expansion as finishing that job, lower costs for homebuyers, and more competition in a scoring market FICO has dominated for decades.
Robbie ChrismanHOST
VantageScore costs lenders roughly $1 per poll.
JRHOST
I didn't realize there was an alternative to the FICO score.
JRHOST
Federal Housing Finance Director Bill Pulte just dropped the hammer on FICO's longtime stranglehold over American buyers announcing that he's ordering mortgage giants Fannie and Freddie to approve every lender seeking to use VantageScore as an alternative to FICO effective immediately.
JRHOST
I sincerely had no idea there was more than one.
JRHOST
And this is what he posted on X. Equifax, Experian, TransUnion have been overcharging Americans for far too long.
JRHOST
Since 2020, FICO's increased the price per a person's credit score by 1,800%.
JRHOST
FICO's enjoyed a monopoly no more.
JRHOST
Fannie and Freddie initial rollout of VantageScore has been incredibly successful with 50 lenders delivering loans.
JRHOST
So effective, immediately I'm instructing Fannie and Freddie to approve all lenders who use VantageScore.
Jim GlennonHOST
But then again, we get out to industry events or we're talking on calls with clients, and we do get a lot of comments about, "Hey, the podcast is pretty awesome.
Jim GlennonHOST
I listen to it every week to get, you know, to get market information, to find out what's going on in the industry, to just get general wisdom or, you know, kind of surrounding the mortgage industry, mortgage rates, mortgage volume, other goings-on like Vantage Score and, and things around conferences and all that." So anyway, really appreciative for anybody who's out there listening.
Jim GlennonHOST
It's honestly worth it if, you know, we have a dozen people listen every week, so hopefully it's slightly more than that.
Jim GlennonHOST
And hopefully we get to do this for another 100 episodes.
speaker_10CORRESPONDENT
Shares of Lululemon Athletica tumbled more than 17%, after the activewear brand cut its full-year profit and revenue forecasts.
speaker_10CORRESPONDENT
And U.S. credit reporting agencies lost ground after Federal Housing Finance Agency Director Bill Pulte said he directed Fannie Mae and Freddie Mac to approve all lenders to use the credit scoring system, VantageScore.
speaker_10CORRESPONDENT
Shares of rivals Fair Isaac slid more than 16 percent, while TransUnion and Equifax also fell.
speaker_10CORRESPONDENT
U.S. markets will be closed on Monday for the Labor Day holiday.
James GruberHOST
Adobe dropped 7% following its announcement that its longtime CEO will be succeeded by a company insider.
James GruberHOST
U.S. credit reporting agencies lost ground after Federal Housing Finance Agency Director Bill Pulte said on Thursday he directed Fannie Mae and Freddie Mac, created by the U.S. Congress to support the housing market, to approve all lenders to use the credit scoring system VantageScore.
James GruberHOST
Fair Isaac lost 17%, TransUnion dropped 6%, while Equifax lost 6%.
James GruberHOST
U.S. government bond yields rose after the surprisingly strong U.S. employment report.
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