Information Services: Consumer Credit Scores; FICO and VantageScore GSE Mortgage Data Through July 2026

Research evidence excerpt

Information Services: Consumer Credit Scores; FICO and VantageScore GSE Mortgage Data Through July 2026

J P M O R G A N North America Equity Research

31 July 2026

Information Services

Consumer Credit Scores; FICO and VantageScore GSE

Mortgage Data Through July 2026

To help Information Services observers parse an evolving market for mortgage Business & Information Services

ACcredit scores, we are providing a look at monthly data for GSE market shares. Up Alexander E.M. Hess, CFA

until April 2026, the GSEs, Fannie Mae and Freddie Mac, exclusively allowed the (1-212) 622-8331

use of Fair Isaac’s (FICO; N) credit scores in submitting conforming mortgage alexander.hess@jpmorgan.com

loans. Conforming mortgages meet specific requirements and are eligible to be Andrew C. Steinerman

purchased by Fannie Mae and Freddie Mac (collectively, the GSEs). In addition to (1-212) 622-2527

“Classic FICO” scores, lenders can now also furnish VantageScore 4.0 credit andrew.steinerman@jpmorgan.com

scores and in the near future will be able to furnish FICO 10T Scores as well. Rohan Kalra

VantageScore is jointly owned by Equifax (EFX; OW), Experian (EXPN LN; (1-212) 622-0879

rohan.kalra@jpmorgan.com

covered by Jane Sparrow), and TransUnion (TRU; OW).

Securitized Products Research

The data below was produced thanks to support from J.P. Morgan’s Structured Nick Maciunas

Products Research team. Keep in mind: this data represents the conforming (1-212) 834-5671

nicholas.m.maciunas@jpmorgan.com

mortgage market, which represents ~50% of the U.S. mortgage market overall. J.P. Morgan Securities LLC

Further, the data sets referenced capture subsets of the GSE market, and one month

of data may not prove representative of longer-term trends or the bigger picture.