"The moves come amid heightened competition among credit scoring providers after the Federal Housing Finance Agency (FHFA) allowed Fannie Mae and Freddie Mac to begin purchasing loans underwritten with VantageScore 4.0, offering an alternative to the long-dominant Classic FICO score."
"According to the spokesperson, Experian lowered the price of a standalone VantageScore 4.0 score to one-third the price of a FICO score for 2026 – compared to about 50% previously – while VantageScore 4.0 continues to be free in 2026 when bundled with legacy scores."
"But the reduction to the VantageScore price came with pricing adjustments to credit reports, which can be offset by strategic partnership commitments, the company said last week in a letter sent to clients that was reviewed by HousingWire."
Credit report prices for mortgage lenders have surged up to 50% in 2026 amid intensified competition among credit scoring providers. The Federal Housing Finance Agency permitted Fannie Mae and Freddie Mac to purchase loans underwritten with VantageScore 4.0, challenging the dominance of Classic FICO scores. A national ban on abusive trigger leads is also taking effect. Experian announced a new strategic pricing structure offering value-added services while maintaining current pricing. The company reduced VantageScore 4.0 pricing to one-third of FICO costs for 2026, down from 50% previously, and offers it free when bundled with legacy scores. However, credit report pricing adjustments accompanied these changes, though strategic partnerships may offset increases.
#credit-scoring-competition #vantagescore-40 #mortgage-lending-costs #fhfa-regulation #credit-report-pricing
Read at www.housingwire.com
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