What FICO’s credit-score shake-up really means for home buyers
1. FICO now allows lenders to access credit scores directly, bypassing credit bureaus. 2. This may reduce costs for lenders, potentially helping consumers save on mortgages. 3. FICO's royalty fees for credit scores increased significantly, raising costs for borrowers. 4. Government moves to allow VantageScore use challenge FICO's dominance in the market. 5. Consumer complaints about credit scores remain high, indicating systemic frustrations.