Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches.

I'm David Green, and I've been doing this for over 10 years. I've seen the ups, the downs, and everything in between.

This is the show where we pull back the curtain and show it to you too. So if you want to build wealth through real estate or you just love learning about it, you found your home.

What's up, everybody? Welcome talk real estate this is mortgage monday i'm david green and this is christian

bachelter frantically trying to get his camera set up because i did not tell him i was going to be going

live before he was able to uh it locked off there you go yeah we've got a a little Jimmy Rigg system that we put together so that he doesn't get this little ray of light that he is an angel of real estate. But it makes it hard to concentrate on the topic. So today, Chris and I are going to be talking about a little update to how mortgages are given and how credit scores are calculated. So there's

been an announcement by HUD and the federal housing administration. We're going to be talking about

that. So while Christian's adjusting things, make sure you subscribe to the channel. Make sure that you

let us know in the comments what you think. And I'm going to play the video. Go for it.

Danny and Freddie, as I said, are ready to immediately start working with a comments, what you think. And I'm going to play the video. Go for it.

Danny and Freddie, as I said, are ready to immediately start working with approved lenders to accept vantage score loans. To that end, we've been quietly working on something, which we're

announcing today, that lenders have already started accepting vantage score loans. Freddie Mac has

taken a delivery already of $10 million

worth of Fantage score loans in an initial operational test and we will be

securitizing them soon. We know that there's been a lot of market demand for it. So

we've received interest from mortgage lenders including the nation's largest

lenders about taking the Vantage score loans. So it'll be about 21 lenders in the initial pilot that will be able to do it and when I say pilot

it's not really a pilot because now it's it's a very real thing when applying for a mortgage

new models include rental history utility payments and other data that is not currently accounted

for when applying for a home mortgage.

This will also create opportunities for younger credit worthy Americans who may have been unable

to access affordable credit because of the reliance on older models.

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