Relevant:
- TransUnion, Equifax broke federal law by misrepresenting credit score usefulness, CFPB says
- FICO Spots Disturbing Trends in Consumer Credit Behavior
- Credit score gaps narrow for FHA loans: Quality Mortgage Services
- The One Number You're Forced to Care About... Your FICO Score
- FICO Speeds Rollout of New Product to Meet Lender Demands
2011-01-10 — mortgagenewsdaily.com
"Mortgage bankers and their Wall Street counterparts have long relied on the FICO score to judge the ‘credit worthiness’ of the borrower. When determining pricing on the sale or purchase of millions of dollars of mortgage loans, quantitative analysts known as tape crackers use the individual credit scores as one of the primary data points considered in their pricing models."
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