In the coming year, Wall Street investors and analysts are predicting an increase in mortgage credit-score costs due to the potential rise in home loan applications fueled by lower interest rates. Fair Isaac Corp. (FICO), the leading provider of consumer credit-risk assessment methodology, is expected to raise the price for mortgage credit scores as demand for their services continues to grow.
Key points from the text include:
– Wall Street forecasts an increase in mortgage credit-score costs in the upcoming year
– Lower interest rates may drive a surge in home loan applications
– Fair Isaac Corp. (FICO) is expected to raise the price for mortgage credit scores in response to growing demand
– FICO holds the rights to the widely adopted consumer credit-risk assessment methodology in the market
You can read this full article at: https://www.housingwire.com/articles/mortgage-credit-score-prices-predicted-to-rise-2025/(subscription required)
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