The data is finally here: a deep dive credit score comparison of FICO, 10T and VS4.0

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The data is finally here: a deep dive credit score comparison of FICO, 10T and VS4.0

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Agency MBS Weekly

The data is finally here: a deep dive credit

score comparison of FICO, 10T and VS4.0

Commentary: summer doldrums are starting early 10 July 2026

Absent any meaningful economic data releases this week, the market continued to take Securitized Products Strategy

in geopolitical headlines which signaled escalating tensions, and also still process the United States

reaction to last week’s underwhelming jobs. That said, investors still remain concerned Jeana Curro

about inflation. Rates continued their aggressive July sell off, with the 10yr up 8bps MBS Strategist

WoW and up 10bps MTD. Mortgage basis was fairly steady, +1bp WoW. We remain BofAS+1 646 855 9135

neutral given tight valuations and a broad-based lack of conviction. Next week, CPI. jeana.curro@bofa.com

Chris Flanagan

GSE portfolio May update FI/MBS/CLOBofAS Strategist

May activity surprised to the downside. Fannie net reduced its retained portfolio by +1 646 855 6119

christopher.flanagan@bofa.com

$3bn to $172bn while Freddie net reduced by $5bn to $137bn.

Ge Chu, CFA

A deep dive into the new alternative credit score data MBSBofASStrategist

+1 646 855 7147

Last Wednesday, the GSEs released the long-awaited historical datasets for ge.chu@bofa.com

VantageScore 4.0 (VS4) and FICO 10T. In this report, we examine the distributions of Ko-Hsiang Kao

both scores and their relationships with Classic FICO. We also evaluate the potential MBS Strategist

BofAS

impact of credit score inflation. Under a simple assumption that borrowers select the +1 646 855 9177

highest available score, we estimate the universe aggregated credit score will see ko-hsiang.kao@bofa.com

increase of roughly 30 points.