The Federal Home Loan Bank of Boston Adopts VantageScore 4.0 Mortgage Collateral
For best results when printing this announcement, please click on link below: The Federal Home Loan Bank of Boston Adopts VantageScore 4.0 Mortgage Collateral FHLBank Boston Banks Can Now Use VantageScore 4.0 Model to Create Loans for 2 Million Eligible Borrowers Members of the Federal Home Loan Bank of Boston (FHLBank Boston) can now pledge mortgage collateral using VantageScore 4.0 credit scores, effective immediately. The decision by FHLBank Boston allows its over 400 member banks and institutions to use the VantageScore 4.0 model to score 1.5 million more consumers in New England. This press release features multimedia. View the full release here: “The Federal Home Loan Bank system is taking a step into the future of mortgage credit scoring with VantageScore 4.0,” said Anthony Hutchinson, EVP and Head of Public Affairs at VantageScore. “By accepting VantageScore 4.0 for mortgage collateral, FHLBank Boston will give lenders access to industry-leading, cost-effective innovation and help expand homeownership opportunities across New England.” FHLBank Boston joins other government-sponsored mortgage entities that now accept VantageScore 4.0 for mortgages, including: Fan
0 credit scores, effective immediately. 5 million more consumers in New England. This press release features multimedia. 0,” said Anthony Hutchinson, EVP and Head of Public Affairs at VantageScore.
0 credit score model will expand credit access to approximately 13 million more mortgage-eligible borrowers nationwide. 5 million consumers within the FHLB Boston footprint, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. 0 for mortgages, visit our Mortgage Resource Center. , and is known for the industry’s most innovative, predictive and inclusive credit score models.
In 2024, usage of VantageScore increased by 55% to hit 42 billion credit scores. S. banks, use VantageScore credit scores and digital tools to provide consumer credit products or generate greater insights into consumer behavior. 0 credit scoring model scores 33 million more people than traditional models.
0 for Fannie Mae and Freddie Mac guaranteed mortgages, the company is also ushering in a new era for mortgage lending. VantageScore is an independent joint venture company owned by Equifax, Experian and TransUnion. com) Phone: +1 (415) 740-1915