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Federal Home Loan Bank of Dallas to accept VantageScore 4.0 credit scores

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January 29, 2025

The Federal Home Loan Bank of Dallas will now accept mortgage collateral from lenders using VantageScore 4.0 credit scores. VantageScore 4.0 was approved in October 2022 by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac and can help approximately 33 million customers have access to a credit score, according to a press release.

"The Federal Home Loan Bank of Dallas' decision to accept mortgage collateral originated using VantageScore 4.0 marks a pivotal step to modernize mortgage underwriting and increase financial opportunities for creditworthy individuals," Anthony Hutchinson, EVP of government and industry relations at VantageScore, said in the release. "VantageScore is the credit-score innovation leader in government-sponsored mortgage underwriting and is humbled to have received broad bipartisan support as well as acceptance from most of the leading government-sponsored mortgage entities."

This decision will impact an estimated 6 million consumers within the FHLB Dallas footprint including Arkansas, Louisiana, Mississippi, New Mexico and Texas.