There’s been a lot happening lately around credit access and fair-lending rules, and I’m trying to wrap my head around what this all means for the housing ecosystem — borrowers, lenders, Realtors, and those of us downstream in title.
On one hand, we’ve got big shifts in credit scoring: VantageScore 4.0, alternative data finally counting, and Fannie Mae removing minimum credit score requirements later this year. That could open the door for people who’ve been locked out for a long time.
👉 Catch up on the situation here if you're not in the loop: https://archive.wickedtitleforum.com/p/key-changes-in-credit-scoring-for
On the other hand, the CFPB is proposing to eliminate disparate-impact protections, which many rely on to catch modern redlining even when nobody’s “intending” to discriminate. That could narrow access in ways that undo some of the progress above.
👉More detail on that situation here: https://archive.wickedtitleforum.com/p/cfpb-wants-to-kill-disparate-impact
These two developments aren’t happening in isolation — they collide right in the middle of how people qualify for mortgages and what deals show up on our desks.
I’m curious where others land on this:
Do these changes balance each other out?
Push in opposite directions?
Help the market, hurt it… or a bit of both?
Would love to hear what the rest of you are seeing or thinking.
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Stay Wicked my Friends,
Cheryl Evans
Executive Director: Wicked Title Forum
Publication & Online Business Support Community for the Title Industry
https://wickedtitle.com[email protected]------------------------------