SAN FRANCISCO--(BUSINESS WIRE)--Feb 25, 2026--
Federal Housing Finance Agency (FHFA) Director Bill Pulte’s July 2025 decision to authorize VantageScore 4.0 for competitive use in GSE-conforming mortgages saves the U.S. mortgage industry more than $600 million in the first year under a “full adoption” scenario, according to a newly published independent analysis from credit risk research company Deep Future Analytics. Consumers whose mortgages are originated using VantageScore 4.0 stand to save in excess of $100 per completed loan. Across all of the comprehensive scenarios analyzed in the study, the inclusion of VantageScore in the conforming mortgage market generated meaningful cost savings for both lenders and borrowers.
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“Mortgage credit score competition lowers cost, reduces mortgage risks and improves predictive performance," said Tony Hutchinson, EVP and Head of Public Affairs at VantageScore. "This rigorous analysis from Deep Future Analytics confirms that the implementation of the 2018 Credit Score Competition Act generates significant mortgage credit score savings and improves consumer affordability while simultaneously reducing mortgage industry risk. We applaud Director Pulte’s decision to introduce mortgage credit score competition and deliver $600 million in cost savings to mortgage lenders and borrowers through the adoption of VantageScore."
Titled “Economic Benefits of Score Market Competition for Conforming Mortgages,” the analysis models how competition between mortgage credit scoring providers beneficially affects mortgage credit score pricing, lender behavior and borrower costs. Deep Future Analytics evaluated multiple scenarios and found that introducing VantageScore 4.0 as a competitive, higher-performing mortgage credit score alternative delivers up to $2.5 billion in cumulative cost savings over a five-year period, even under conservative modeling assumptions.
Key findings include:
MORE THAN $600 MILLION IN MORTGAGE MARKET SAVINGS: Based on Mortgage Bankers Association (MBA) volume forecasts for both conforming and non-conforming mortgage loans, mortgage credit score competition is projected to generate an estimated $648 million in savings in the first full year. Even in more conservative adoption scenarios, cumulative benefits turn positive within the first quarter of competition.
MORTGAGE CREDIT SCORE CONVERSION SAVES MORE THAN $100 PER COMPLETED MORTGAGE: Lenders and borrowers save on average $111 in direct and indirect fees per successful mortgage application under the “full adoption” scenario examined in the analysis. The study identified additional savings potential for lenders driven by VantageScore’s more predictive credit score model, which scores 33 million more Americans than legacy credit scores.
The study concludes that the July 2025 FHFA authorization of VantageScore 4.0 as a competitive participant in the conforming mortgage market generates substantial economic savings for lenders and consumers under all plausible pricing and adoption scenarios.
Download a full copy of the report from VantageScore’s website or by visiting the Deep Future Analytics website.
To learn more about VantageScore’s growth in the GSE-conforming mortgage market, visit the VantageScore Mortgage Resource Center.
About VantageScore®
VantageScore is the fastest-growing credit scoring company in the U.S., and is known for the industry’s most innovative, predictive and inclusive credit score models. In 2024, usage of VantageScore increased by 55% to hit 42 billion credit scores. More than 3,700 institutions, including nine of the top 10 U.S. banks, use VantageScore credit scores and digital tools to provide consumer credit products or generate greater insights into consumer behavior. The VantageScore 4.0 credit scoring model scores 33 million more people than traditional models. With the FHFA allowing the immediate use of VantageScore 4.0 for Fannie Mae and Freddie Mac guaranteed mortgages, the company is also ushering in a new era for mortgage lending.
VantageScore is an independent joint venture company owned by Equifax, Experian and TransUnion.
FHFA’s Mortgage Credit Score Decision Delivers Over $600 Million in Annual Mortgage Cost Savings, New Analysis Finds
NEW YORK (AP) — Snowplows cleared the way for ambulances and fire trucks in Rhode Island. New York City workers geared up to dump massive basins of warm water on piles of snow and ice. And in Boston, officials tried to clear sidewalks coated in packed snow that cut off access for people using wheelchairs.
The gigantic snowstorm this week across the Northeast U.S. dropped piles of powder from Maryland to Maine and left cities on Wednesday scrambling to clear towering heaps that were not showing signs of melting anytime soon.
By Tuesday evening, New York City had spread 143 million pounds (65 million kilograms) of salt, according to Mayor Zohran Mamdani, and signed up at least 3,500 people as emergency shovelers. The $30-per-hour shifts involve clearing snow across public streets and bus stops.
But with another storm expected Wednesday, there was plenty more work left to do, especially for the many people with disabilities.
Jeff Peters, spokesperson for the Center for Independence of the Disabled, New York, described parts of the city as impassable islands.
“You’ll find a portion of a sidewalk that is clear, and then there’s maybe a 6-inch (15-cm) pathway that can only be walked with one foot in front of the other and no room for a stroller, rollator, walker or crutches,” Peters said. “Then you get to the corner and not only is it unshoveled, but you have basically a glacier at the end of it.”
Tina Guenette, who uses a motorized wheelchair, had to shovel out her yard this week after more than 33 inches (84 centimeters) fell in Harrisville, Rhode Island, a town about 17 miles (27 kilometers) northwest of Providence.
“I really have no choice if my service dog wants to go outside,” Guenette said Tuesday. Harrisville has a volunteer snow-shoveling program, but it hasn't had volunteers for the last few years, she said.
The National Weather Service warned another storm originating in the Great Lakes could push into the Northeast on Wednesday. The clipper storm brings the prospect of a combination of rain and some snow, though it’s not forecast to be nearly as severe.
NYC Emergency Management warned Wednesday morning commuters that the forecast light snow and freezing temperatures could bring slick roads and sidewalks as well as black ice.
Monday’s storm blanketed the region with snow, canceled flights, disrupted transit, downed power lines and killed at least one person. More than 3 feet (0.9 meters) fell in Rhode Island — surpassing snow totals from the historic Blizzard of 1978 that struck the Northeast, the National Weather Service said.
Meteorologist Ryan Maue, former chief scientist at the National Oceanic and Atmospheric Administration, said if all of the snow that fell from Maryland to Maine fell just on Manhattan, the snow would tower over a mile high.
In Newport, Rhode Island, Joseph Boutros, 21, was found unconscious inside a vehicle covered in snow Monday night, the city’s police department said in a statement. The Salve Regina University student was taken to a hospital and pronounced dead due to carbon monoxide poisoning, police said.
Some large school districts moved back to in-person classes on Wednesday, including Philadelphia, which had switched to online learning during the first two days of the week.
In New York City, more than 900,000 students in the nation’s largest public school system had a regular day Tuesday. Many students and their caregivers scrambled over mountainous snow banks and dodged salt spreaders during the morning drop-off.
Power had returned for many of the hundreds of thousands who had lost electricity in Massachusetts, New Jersey, Delaware and Rhode Island. But about 173,000 customers in Massachusetts were still without power early Wednesday.
Thousands of flights in and out of the U.S. have been canceled in recent days. By Wednesday, the disruptions seemed to be subsiding, with only around 150 grounded, according to the flight tracking website FlightAware.
When Jamie Meyers' flight landed in New York from Buenos Aires, Argentina, Tuesday evening, the cabin full of relieved passengers burst into applause. The Manhattan resident was supposed to arrive home Sunday but faced a cancellation and significant delay.
The weather service referred to Monday’s storm as a “classic bomb cyclone/nor’easter off the Northeast coast.” A bomb cyclone happens when a storm’s pressure falls by a certain amount within a 24-hour period.
Golden reported from Seattle and Boone reported from Boise, Idaho. Associated Press writers Jennifer Peltz, Michael R. Sisak and Philip Marcelo in New York; Mike Catalini in Morrisville, Pennsylvania; Mark Scolforo in Harrisburg, Pennsylvania; Kathy McCormack in Concord, New Hampshire; and Audrey McAvoy in Honolulu contributed.
Matt Bableto, left, snowblows his driveway after a winter storm dumped about three feet of snow across the region, Tuesday, Feb. 24, 2026, in Cranston, R.I. (AP Photo/Charles Krupa)
People opt to walk in the middle of the street over snowy sidewalks after a snowstorm, Tuesday, Feb. 24, 2026, in South Boston. (AP Photo/Sophie Park)
Children stand outside the doors of Parkside Preparatory Academy a day after a snowstorm in the borough of Brooklyn, New York, on Tuesday, Feb. 24, 2026. (AP Photo/Drew Callister)
A worker clears snow outside the Empire Stores building in Brooklyn Bridge Park, Tuesday, Feb. 24, 2026, in the Brooklyn borough of New York. (AP Photo/Yuki Iwamura)
A man shovels snow to take out his car parked in Central Park a day after a winter storm on Tuesday, Feb. 24, 2026, in New York. (AP Photo/Eduardo Munoz Alvarez)
Key Lim, 55, of Quincy, removes snow from a sidewalk lined with trash bags in front of the laundromat that he manages on Tuesday, Feb. 24, 2026, in Boston. (AP Photo/Sophie Park)
A woman clears snow from a walk outside a preschool, Tuesday, Feb. 24, 2026, in New York. (AP Photo/Eduardo Munoz Alvarez)
A woman carries a child over piles of plowed snow as she walks a girl to school, Tuesday, Feb. 24, 2026, in New York. (AP Photo/Eduardo Munoz Alvarez)
A man walks a boy to school, Tuesday, Feb. 24, 2026, in New York. (AP Photo/Eduardo Munoz Alvarez)
