Email This Article

Headlines & Perspectives
New FICO Score Targets Lending Risks
By BankingMyWay.com
03/11/09 - 03:01 PM EDT
Equifax one of the three major credit-reporting agencies, today unveiled its BEACON Mortgage Score -- a scoring system based on a scoring model developed by FICO. Meanwhile, FICO's new scoring model, FICO 08, was recently adopted by TransUnion under the name FICO Risk Score, Classic 08. Both new scores promise better predictive ability to identify lending risks, especially in the the mortgage arena.
Recipient's Email Address(es)
(Separate multiple addresses with a comma)
Your Email Address
Send a copy to myself
Your Message (optional)
Dow Jones S&P 500 NASDAQ 10-Year Note
10,450.87 1,104.50 2,184.42 35.57
Oil *
71.75
UP
45.04
UP
2.15
DOWN
6.44
UP
0.75
10 Yr
3.56%
SPDR Gold
109.47
+0.43%
+0.20%
-0.29%
+2.15%
Data delayed 20 minutes

Brokerage Partners