FHLBank Chicago has announced a significant development in the mortgage industry by adopting VantageScore 4.0, a decision aimed at increasing access to homeownership for residents in Illinois and Wisconsin. This move is expected to have a positive impact on the housing market and open up opportunities for a wider range of individuals to secure mortgages.
Key points from the announcement include:
– FHLBank Chicago’s adoption of VantageScore 4.0 is intended to promote greater access to homeownership.
– The decision is specifically targeted at residents in Illinois and Wisconsin.
– The move is expected to benefit the housing market by increasing the number of people who are able to qualify for mortgages.
– VantageScore 4.0 is a widely recognized credit scoring model that offers a more inclusive and accurate assessment of creditworthiness.
You can read this full article at: https://www.housingwire.com/articles/fhlbank-chicago-adopts-vantagescore-4-0-model/(subscription required)
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