Full Breakdown
Fannie Mae and Freddie Mac Adopt VantageScore 4.0 for Mortgage Qualification
4/26/2026, 11:54:04 AM
New Mortgage Scoring Model
Fannie Mae and Freddie Mac announced that, beginning with a limited group of approved lenders, they will accept mortgage applications scored with VantageScore 4.0 as part of the limited rollout. The model adds rent and utility payment histories to traditional credit data, allowing lenders to choose between VantageScore 4.0 and conventional FICO scores.
Credit Score Modernization Background
The rollout is part of a credit-score modernization effort led by the Federal Housing Finance Agency (FHFA). Federal regulators approved VantageScore 4.0 and the updated FICO 10T model in 2022 after extensive testing, aiming to improve predictive power while preserving mortgage market safety.
Key Figures
FHFA Director William Pulte presented the rollout at a press conference, and Fannie Mae executive Jake Williamson, EVP and head of single-family, issued a supporting statement. Freddie Mac has already taken delivery of about $10 million in VantageScore-evaluated loans for securitization.
Data & Statistics
FHFA estimates the change could affect tens of millions of American borrowers. VantageScore 4.0 incorporates both positive and negative rental payment histories when reported to credit bureaus, expanding the data pool used for mortgage underwriting.
Implications for Homebuyers
By recognizing consistent rent and utility payments, the model may broaden mortgage eligibility for consumers lacking traditional credit-card or loan histories, potentially lowering borrowing costs and supporting broader home-ownership goals. FHFA cites the enhanced predictive power as a means to sustain market stability.
Official Statements & Responses
Pulte linked the rollout to the administration’s “landslide victory,” saying it broke prior gridlock and aligns with FHFA’s mission to support sustainable homeownership. Williamson emphasized that the new models improve credit access while maintaining safety and soundness.
Conflicting Reports & Gaps
The announcement does not provide precise estimates of borrower numbers, a rollout timeline beyond the initial lender group, or projected effects on mortgage rates and loan pricing.
Verbatim Quotes
- “It is only thanks to President Trump's landslide victory and leadership that we finally broke the gridlock to do this — what's right for the American people over Washington's special interest,” — William Pulte, FHFA Director
- “If you paid your rent for 10 years, that should be factored into your credit score,” — William Pulte, FHFA Director
- “So, I think it will save lots of money. And this truly is the golden age of home buying.” — William Pulte, FHFA Director
- “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, EVP, Fannie Mae
