FICO shook up the credit reporting world Thursday with plans to sell credit scores more directly to mortgage lenders. Why it matters: The move bypasses the major third-party credit bureaus — ...

The mortgage system has relied on FICO as its sole credit-scoring model for decades to figure out how likely a potential borrower is to pay back a loan on time. That FICO credit score impacted not ...

Credit scores are a key tenet of American consumer financing, used by lenders to judge how well individuals can pay back their obligations.

FICO has announced a major shift in the delivery of FICO Scores to the mortgage industry with the launch of the FICO Mortgage Direct License Program. With the release of the new product, tri-merge ...

NEXA Mortgage is rebranding as NEXA Lending in a move CEO Mike Kortas says is meant to signal the company’s evolution from a broker shop to a correspondent-heavy lender — and to dial down the rhetoric ...

PHX Arena is no longer the home of the Phoenix Suns and Phoenix Mercury after the NBA team and WNBA team announced a new naming rights deal for venue.

Fair Isaac Corp's shares jumped in premarket trading on Thursday after the U.S. data analytics company said it would license its credit scores directly to mortgage resellers, raising concerns of ...

Mortgage rates are a little lower this week, but the path forward just became a lot less clear. The average rate on a 30-year fixed-rate mortgage fell two basis points to 6.33% APR in the week ending ...

Getting approved for a $10,000 personal loan requires you to position yourself as a reliable borrower, understand what lenders are looking for and know where to find the best terms for your specific ...

A federal judge has dismissed much of a lawsuit brought by consumers alleging that Pontiac-based mortgage giant United Wholesale Mortgage has turned thousands of purportedly independent brokers into ...

Through a new program, mortgage resellers will be able to calculate and distribute credit scores directly to customers, reducing their reliance on credit bureaus. This will bring more price ...

When it comes to finances, everybody needs to reach a goal, cover an emergency, or get unstuck from a rut sometimes. Loan options are admittedly fewer for borrowers who have bad credit. Although it ...