News Homebuying Advances into New Era of Credit Score Competition Federal Housing Administration joins Fannie and Freddie in implementing VantageScore 4.0 and FICO 10T April 22, 2026 Washington, DC - Today the U.S. government is ushering in a new era of competition in our nation’s mortgage market. In a joint announcement, Secretary Scott Turner and FHFA Director William J. Pulte announced that the Federal Housing Administration and Fannie Mae and Freddie Mac are implementing their first new credit score models for mortgages in decades. This historic move is intended to lower costs for the American people after years of rising prices under the status quo credit score system. Secretary Scott Turner announced today that the Federal Housing Administration will permit the use of VantageScore 4.0 and FICO 10T as eligible credit scoring models for FHA-insured mortgage underwriting.…