Breaking Advocacy Update: FHFA, HUD Announce Next Steps for VantageScore 4.0, FICO 10T Adoption
Wednesday afternoon, Federal Housing Finance Agency (FHFA) Director William Pulte and Department of Housing and Urban Development (HUD) Secretary Scott Turner, in a joint announcement, outlined next steps for the adoption of VantageScore 4.0 and FICO 10T.
To the Point With Bob: One Credit Report Is Enough — If We Do It Right
MBA President & CEO Bob Broeksmit, CMB, writes that MBA has long supported modernizing the credit reporting requirements that govern the mortgage origination process. "I want to reaffirm that position and explain why the evidence today — and responsible policy design — point clearly in one direction: we can safely remove the universal tri-merge mandate for loans sold to Fannie Mae and Freddie Mac."
