Freddie Mac investors will now have access to loan-level disclosures with FICO credit scores calculated from Experian consumer credit data.
The change provides additional transparency for investment decision-making.
Experian also noted in a news release Tuesday that it is investing in making trended data available to the mortgage market.
The trended data will become available in November, the company said.
A federal court ruled the plaintiff wants "sweeping reforms the court is powerless to give."
The Great Financial Crisis changed not only how Luxury Mortgage operated, but what its name stands for, shifting from the high-end of the market, founder David Adamo said.
Nonbanks with servicing portfolios saw earnings dip, while expenses for most shot up in anticipation of more origination volume.
Rejections for mortgage credit outpaced almost every other borrowing category, according to the Federal Reserve Bank of New York.
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
Smaller players face challenges when it comes to mortgage servicing rights, and larger ones have varying motivations, experts at an industry meeting say.
