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)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.