![](\"https:\/\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/03\/home-for-sale-open-house-people.jpg\")
<\/p>\n <\/p>\n
Financial influencer Taylor Price joins \u2018Varney & Co.\u2019 to break down how shifting your mindset can help Americans expand wealth and achieve the American Dream.<\/p>\n
Fannie Mae and Freddie Mac are making a major change to how Americans may qualify for a mortgage.<\/p>\n
The government-backed mortgage giants said Wednesday they will begin allowing loans evaluated using VantageScore 4.0, a newer credit scoring model that can incorporate data such as rent and utility payment history.<\/p>\n
The change will initially roll out on a limited basis, beginning with a group of approved lenders, as part of a broader credit score modernization effort led by the Federal Housing Finance Agency (FHFA).<\/p>\n
HOUSING CRISIS HITS ALL AGES AS HOMEOWNERSHIP DECLINES NATIONWIDE<\/p>\n
“It is only thanks to President Trump’s landslide victory and leadership that we finally broke the gridlock to do this \u2014 what’s right for the American people over Washington’s special interest,” FHFA Director William Pulte said at a press conference Wednesday.\u00a0<\/p>\n
“Fannie and Freddie, as I said, are ready to immediately start working with approved lenders to accept VantageScore loans.”<\/p>\n
Single family homes line the streets of Thousand Oaks, Calif., April 2, 2026. (\u00a0Kevin Carter\/Getty Images)<\/p>\n
Pulte added that Freddie Mac has already begun testing the model, taking delivery of about $10 million in loans evaluated using VantageScore, which are expected to be securitized.<\/p>\n
“If you paid your rent for 10 years, that should be factored into your credit score,” Pulte said. “So, I think it will save lots of money. And this truly is the golden age of home buying.”<\/p>\n
He also estimated that the change could affect “tens of millions” of Americans.\u00a0<\/p>\n
During the limited rollout, approved lenders may choose between VantageScore 4.0 and traditional FICO scores.<\/p>\n
AVERAGE MONTHLY MORTGAGE PAYMENT HITS NEW HIGH, TOPPING $2K FOR FIRST TIME EVER<\/p>\n
A person hands over a house key to another individual. (iStock)<\/p>\n
A second updated model, FICO Score 10T, is also expected to be introduced as part of the modernization initiative.<\/p>\n
FICO 10T also factors in both positive and negative rental payment history when reported to credit bureaus.<\/p>\n
“By incorporating newer models with more predictive power, we can support sustainable access to homeownership and keep safety, soundness and operational readiness at the center,” Jake Williamson, executive vice president and head of single-family at Fannie Mae, said in a statement.<\/p>\n
HOUSING MARKET GAINING MOMENTUM AS SPRING SEASON BEGINS<\/p>\n
A for sale sign displayed in front of a single-family home. (iStock\u00a0)<\/p>\n
Efforts to modernize credit scoring have been underway for years. In 2022, federal regulators approved both VantageScore 4.0 and FICO 10T after extensive testing, according to Freddie Mac.<\/p>\n
GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/p>\n
Pulte also signaled the shift last year, noting in a post on X that “credit history will no longer just include credit cards and loans.”\u00a0<\/p>\n
FOX Business’ Daniella Genovese contributed to this report.<\/p>\n
#Fannie #Mae #Freddie #Mac #credit #scores #including #rent #utilities<\/p>\n","protected":false},"excerpt":{"rendered":"
Financial influencer Taylor Price joins \u2018Varney & Co.\u2019 to break down how shifting your mindset…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[2535,3608,2552,236,2553,3609,3478,4214,8447],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/4748"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4748"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/4748\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}