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Fannie Mae and Freddie Mac to adopt more "INCLUSIVE" and "EQUITABLE" credit scores
Posted on 12/6/25 at 6:51 am
Posted on 12/6/25 at 6:51 am
They continue to march towards a social credit system while slathering their march in "social causes" motivations labeled as "inclusive" and "equitable".
Congrats to those who save and make responsible financial decisions...you will be completely ignored and nullified by those who don't.
LINK
Congrats to those who save and make responsible financial decisions...you will be completely ignored and nullified by those who don't.
LINK
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Posted on 12/6/25 at 6:56 am to tiggerthetooth
Paywall. Can you post text?
I’m surprised if the Trump Administration is letting this happen.
I’m surprised if the Trump Administration is letting this happen.
Posted on 12/6/25 at 6:58 am to tiggerthetooth
Isn't this nearly the exact scenario that caused the housing and market crash of 2008?
Posted on 12/6/25 at 7:02 am to Penrod
quote:
I’m surprised if the Trump Administration is letting this happen.
This move actually stems from a 2018 law signed by Trump during his first administration.
Posted on 12/6/25 at 7:02 am to tiggerthetooth
quote:
They continue to march towards a social credit system while slathering their march in "social causes" motivations labeled as "inclusive" and "equitable".
Congrats to those who save and make responsible financial decisions...you will be completely ignored and nullified by those who don't.
Did you even research details behind this, or are you just rage baiting based on a headline?
Posted on 12/6/25 at 7:03 am to tiggerthetooth
Clickbait headline.
They’re going to start incorporating things like utility payment reliability into the mortgage evaluation process. It allows them to reach people who might have never opened up a formal line of credit, but who still reliably pay their debts. The purpose isn’t inclusivity or equitability, the purpose is money.
They’re going to start incorporating things like utility payment reliability into the mortgage evaluation process. It allows them to reach people who might have never opened up a formal line of credit, but who still reliably pay their debts. The purpose isn’t inclusivity or equitability, the purpose is money.
Posted on 12/6/25 at 7:04 am to tiggerthetooth
This actually isn't that bad, having googled it... headline in unnecessarily dramatic.
quote:
Fannie Mae and Freddie Mac, guided by the FHFA (Federal Housing Finance Agency), are transitioning to more "inclusive" credit scoring by adopting FICO 10T and VantageScore 4.0 models, which incorporate alternative data like rent, utilities, and telecom payments to provide a fuller financial picture, potentially opening doors to homeownership for more creditworthy but traditionally overlooked borrowers, with full implementation expected in late 2025.
Posted on 12/6/25 at 7:13 am to tiggerthetooth
The data they use for scores is more inclusive
Not the people
Not the people
Posted on 12/6/25 at 7:14 am to SallysHuman
I don’t know about this story but I can tell you credit scores are the biggest scam out there. I had an OT worthy 850 and out of the blue it dropped to 650. Pulled my report and a company where I had been an executive years prior folded and defaulted on a credit card. I had signed the application and Chase slapped the default on my personal credit report. I called and disputed but they said no. You signed you pay. Didn’t care that I don’t work there anymore. They actually told me I should get the company to pay the card off. Unreal.
I recently got a new mortgage and that score definitely hurt my rate. frickers.
You also have to love that the very company giving me a score is trying to sell me a service to raise my score. How is that not a conflict? Not to mention the classic “you don’t have enough credit” negative mark. So I don’t have debt and that’s bad?
I recently got a new mortgage and that score definitely hurt my rate. frickers.
You also have to love that the very company giving me a score is trying to sell me a service to raise my score. How is that not a conflict? Not to mention the classic “you don’t have enough credit” negative mark. So I don’t have debt and that’s bad?
Posted on 12/6/25 at 7:28 am to funnystuff
quote:
They’re going to start incorporating things like utility payment reliability into the mortgage evaluation process. It allows them to reach people who might have never opened up a formal line of credit, but who still reliably pay their debts. The purpose isn’t inclusivity or equitability, the purpose is money.
This.
For Dave Ramsey acolytes who may still be inclined to get a mortgage
Posted on 12/6/25 at 7:38 am to tiggerthetooth
Lowering standards for mortgages is stupid. See 2008.
Posted on 12/6/25 at 7:42 am to Cuz413
quote:Yes. Yes it is.
Isn't this nearly the exact scenario that caused the housing and market crash of 2008?
People will say there were other factors that caused it, but really this is what did. They set the playground, and everyone else just played the hand they we’re given to their advantage
Posted on 12/6/25 at 7:47 am to tiggerthetooth
BPT for paying bills?
Posted on 12/6/25 at 7:47 am to kywildcatfanone
quote:
Lowering standards for mortgages is stupid. See 2008.
Do you really consider this to be lowering standards?
Posted on 12/6/25 at 7:52 am to tiggerthetooth
Not that I care about my credit score, but this would theoretically make mine go up because I have zero credit cards. However I have paid light bills for many many years.
Posted on 12/6/25 at 7:58 am to funnystuff
quote:
They’re going to start incorporating things like utility payment reliability into the mortgage evaluation process. It allows them to reach people who might have never opened up a formal line of credit, but who still reliably pay their debts. The purpose isn’t inclusivity or equitability, the purpose is money.
The credit score mafia of Equifax, TransUnion, and Experian needs to be looked into anyway. Such inconsistencies and do not take into account the bigger picture.
Posted on 12/6/25 at 7:59 am to Cuz413
quote:
Isn't this nearly the exact scenario that caused the housing and market crash of 2008?
No its not anything like it all
quote:
as rent, utility and telecom payments that their backers
They are letting these be added to the scoring system
Posted on 12/6/25 at 8:01 am to tiggerthetooth
And they’ll destroy any useful information about credit scores, so lenders will move on to some other criteria.
Posted on 12/6/25 at 8:05 am to Bayou_Tiger_225
quote:
Isn't this nearly the exact scenario that caused the housing and market crash of 2008?
Yes. Yes it is.
It's not even close
The subprime lending was a different animal than taking into account rent history or something.
In 2006 you could have a 550 credit score and get a 110% LTV mortgage with zero down. So if you bought a $100K home, you would get $10K back at the closing table.
Also, you are forgetting the wonderful no-doc/stated income loans where you just told the lender you made $100K a year and they believed you.
Posted on 12/6/25 at 8:06 am to tiggerthetooth
Most financial sound people realized debt is bad and should always pay cash. I don’t have the highest score (high700) just because my only debt is my house payment
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