Money

Powerball jackpot reaches $700M

Powerball players will have the opportunity to play for the seventh-largest jackpot on Wednesday. That value is estimated at $680 million, or $326.1 million cash.

FHFA to change credit score model for new mortgages

The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s annual conference that it will begin the implementation process for two new credit scoring models for mortgages. This marks the first update to credit scoring models in 20 years and makes homeownership more accessible.