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MBA: FHFA Should Consider Alternative GSE Credit Score Models

Discussion › Recent News › MBA: FHFA Should Consider Alternative GSE Credit Score Models

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  • November 13, 2014 at 10:42 pm #2685

    Investors Unite
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    Inside Mortgage Finance, By Charles Wisniowski

    The Mortgage Bankers Association is calling on the Federal Housing Finance Agency to direct Fannie Mae and Freddie Mac to review, and if appropriate, adopt new validated credit score models and allow for the use of alternative methods of scoring.

    In a recent letter to the FHFA, the MBA said that through this action, the Finance Agency could directly increase the number of borrowers eligible for conventional mortgages.

    Read the full article: MBA: FHFA Should Consider Alternative GSE Credit Score Models

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