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FHFA Seeks More Input on Credit Score Shift

Friday, Sep 15 2023
Lending
Written by  The Mortage Leader

The Federal Housing Finance Agency has revealed plans for more stakeholder forums, listening sessions and other public engagement ahead of Fannie Mae and Freddie Mac’s new credit score requirements. So reports MortgageOrb.

FHFA2The outreach comes in support of updated FICO 10T and VantageScore 4.0 credit score models approved in October 2022.

“We want to hear from market participants and impacted stakeholders to ensure a smooth transition that minimizes costs and complexity," FHFA Director Sandra Thompson said in a statement.

Read the full article from MortgageOrb.

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