Huge Housing Trade Groups Push FHFA for FICO Alternatives
HousingWire, Aug. 29, 2017–Ben Lane
In a letter sent last week to Federal Housing Finance Agency Director Mel Watt, the Mortgage Bankers Association, National Association of Realtors, the National Association of Home Builders and other groups express their disappointment in Watt, who recently threw cold water on the idea that Fannie and Freddie would begin using alternative credit scoring models at any point in the next two years.
