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Freddie Mac securitizes first wave of Newrez mortgages with VantageScore 4.0
Newrez originated roughly $10 million in mortgages scored with VantageScore 4.0 that Freddie Mac has now securitized, the company announced Friday.
Newrez originated roughly $10 million in mortgages scored with VantageScore 4.0 that Freddie Mac has now securitized, the company announced Friday. The move is part of a pilot that helped federal housing agencies greenlight wider use of modern credit scores.
U.S. Department of Housing and Urban Development (HUD) Secretary Silverstein added that Newrez’s investments in origination, technology, secondary markets and delivery operations show “what is achievable when a leading lender and a GSE partner with shared purpose.”
VantageScore 4.0 and FICO 10T incorporate trended data and additional inputs such as
Source Reference
Originally published by Flávia Furlan Nunes, HousingWire Automation
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