The Federal Housing Finance Agency (FHFA) has allowed lenders to use Vantage 4.0 Score for mortgages, sparking mixed reactions. Fannie Mae and Freddie Mac, which oversee nearly half of all U.S. mortgage debt, will now accept VantageScore in addition to FICO. While some see this as a move towards competition and reduced costs, others fear it will consolidate power among credit bureaus. VantageScore claims its model is more holistic and beneficial for consumers, but skepticism remains about the impact on pricing and accessibility. The shift is part of bipartisan efforts to open up competition in the credit scoring space.

Read more at Yahoo Finance: Fannie and Freddie may use new credit scores. Will it help you get a mortgage?