Guild Mortgage is advocating for Fannie Mae and Freddie Mac to adopt residual income analysis at scale to evaluate borrower creditworthiness. This development signifies a move for fintech developers to integrate electronic bank data and cash flow algorithms that serve populations often excluded by traditional FICO scores. Success in this area could reduce industry reliance on static credit ratings while providing more accurate 12-month financial snapshots.
Read the full article at HousingWire
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Ali NematiWritten by Ali
