New guidelines should provide homeownership opportunities for certain consumer segments with thin credit files and open up product options, lenders said.

Private mortgage insurance companies still require a minimum 600 or 620 middle credit score for borrowers putting less than 20% down.

More than 40% of people are set to drop down a score banding after the changes, but Experian said it will not affect lending ...

The changes will see Experian offer a more detailed view of information on credit reports and ways to improve scores.

More than 40% of people are set to drop down a score banding after the changes, but Experian said it will not affect lending eligibility.

FILE - A woman walks past a personal finance loan office Thursday, Oct. 1, 2020, in Franklin, Tenn. NEW YORK (AP) — Gen Z has seen its credit scores drop more than any other generation over the past ...