How is rental payment history incorporated into alternative credit scoring?

Jul 20, 2022 ... And although it has not stretched as far as GSE conservatorship, the FHFA's review of alternative credit scoring models is now in its seventh ... Jun 5, 2024 ... We find that incorporating retail data increases approval rates for individuals without a credit history, from 15% to between 31% and 47%. Jan 28, 2025 ... ... alternative credit scoring models that would meet an institutions' legitimate business needs. The CFPB's examiners also noted that financial ... May 8, 2024 ... This type of alternative data for credit scoring encompasses various non-traditional financial indicators such as rent payment histories, incomes from gig jobs ... Jul 12, 2023 ... ... Credit Data. -13-. Page 14. Trends in alternative data adoption. ▫ Lenders are increasingly using traditional credit scoring, alternative data ... Alternative credit scoring and financial inclusion : a structural data justice perspective ... This paper explores questions of justice surrounding the use of ... Oct 26, 2022 ... FHFA began to explore new models in 2014 and submitted a request for information on alternative credit scores in 2017. In 2018, Congress ... Here is useful information on how to assess and analyze alternative data and combine it with so-called traditional data to improve credit risk analytics. Aug 8, 2024 ... Alternative credit data refers to nontraditional data that lenders use to assess a borrower's creditworthiness, especially when there is limited ... VantageScore is a leading credit-score model development company that generates the most inclusive, innovative and predictive models used in the ...