A Credit-Score Shift at Fannie and Freddie Is Shaking Up the Mortgage Market

For decades, FICO credit scores played a critical role in determining homeownership for many Americans. Now the mortgage industry is embracing another metric. Regulators and lenders recently opened the door to using rival VantageScore, a joint venture by credit-reporting firms Equifax, Experian and TransUnion, for their mortgage underwriting decisions.