U.S. Reps announce FHLBNY accepts VantageScore 4.0 credit scores, including rent payment data, to boost homeownership opportunities for diverse applicants.

U.S. Representatives Ritchie Torres and Gregory Meeks announced that the Federal Home Loan Bank of New York will now accept VantageScore 4.0 credit scores for mortgage collateral, which includes rental payment data. This change aims to increase homeownership opportunities for diverse and underserved applicants, helping to reduce the racial homeownership gap. The FHLBNY has allocated $135 million for programs to support affordable housing and enhance financial inclusion in 2024.

October 28, 2024
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