Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard have more clarification on the VantageScore 4.0 roll out.

The FHFA shared an FAQ that helps explain some questions we had. What we have learned is yes, there will be options for using your best credit score, but there could be a competitive fee for that. And, as a lender we can chose which scoring system to apply to different loans.

This is good for consumers, more options, and good for lenders because there's more ways to look at these scores. But we are wondering if there is a possibility that competition will make the companies loosen standards and open the door to unsavory loans. The answer we believe is no, it's not its making loans better, instead it's making credit scores more "real time" as this new model is using more recent data.

Listen in as we discuss this and more.

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation.

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the changes on how we view credit scores -- which might help with credit score evaluation for buyers.

Today's article is from the US Federal Housing website FHFA.gov says "FHFA announces release of historical VantageScore 4.0 credit scores by the enterprises."

We've heard whispers of changes to credit scores over the last few years, but Bill Pulte announced immediate acceptance of this new method VantageScore 4.0 which uses machine learning. It's been hard for people who aren't big credit users to build a credit score with the FICO model. What's different, is it is using trending data. It even takes into account rent payments, cell phone bills, and other real time payments people are making.

There are a lot of buyers who have limited credit that are hurt by the FICO model who have the money, but just don't use a lot of credit to build a good credit score. We don't know all the pricing yet, but we know it will be less expensive! And as always competition brings prices down.

Listen in as we discuss this and more!

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the current housing correction that's happening.

Today's article is from National Mortgage Professional: "Housing correction gathers momentum as supply surges, affordability pressures persist." The article cites a few corrections:
- Delinquency rates are stable but have ticked up a tad bit
- Student loan payments have resumed and are really hurting some people after 5 years on a pause
- Average debt-to-income ratio remains at a record high
- Inventory, pricing & demand all play off of each other. Compare Jun 2019 homes for sales verses June 2025, in Texas alone there are 33% more homes for sale than in June 2019.
- Demand, there's a lot of applications coming in but not a lot of inventory that meets their needs.

Ultimately, we think we are going in the right direction, with rates trending downward. Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation.

Visit our website at nflp.com/licenses for all state licensing and other legal information.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.