A government change to allow rent payments to factor into credit score could help 7.7M Americans qualify for a mortgage

A government change to allow rent payments to factor into credit score could help 7.7M Americans qualify for a mortgage

A government change could tip the scale for millions of “credit invisible” Americans and spur hundreds of billions in new mortgage originations. In a rule change finalized last month, government-run mortgage giants Fannie Mae and Freddie Mac said they would accept mortgages underwritten with a credit score model that takes on-time rental payments into account.…

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Companies name AI as top reason for job cuts for second straight month: Analysis

Companies name AI as top reason for job cuts for second straight month: Analysis

(The Hill) — Companies are increasingly citing artificial intelligence as justification for layoffs, according to a new analysis highlighting growing concerns about AI’s impact on the workforce. U.S.-based employers announced 83,387 job cuts in April, a 38 percent increase from March, according to a report released Thursday by Challenger, Gray & Christmas. Layoffs were still…

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