MISMO®, the real estate finance industry’s standards organization, released updated guidance for its Mortgage Insurance Implementation Guide.
Tag: FICO 10T
MBA Statement on FHFA and GSEs’ Release of Historical Credit Score Data
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Finance Agency’s and Fannie Mae’s and Freddie Mac’s release of historical credit score data for VantageScore 4.0 and FICO 10T adoption.
The Data Deluge: A Cautionary Tale for the Future of Credit Underwriting
Planet’s Chris Joles writes that credit officers across the mortgage industry can feel the ground shifting beneath their feet because of the sudden arrival of too much data.
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.
Latest FICO Score is a Game Changer for Mortgage Lending (Sponsored by FICO)
FICO® Score 10T’s industry-leading techniques enhance risk assessment and enable more loan approvals in the mortgage banking industry
MBA Comments on FHFA’s Credit Scoring Implementation Plan
The Federal Housing Finance Agency announced updates to its implementation plan for the GSEs’ adoption of FICO 10T and VantageScore 4.0 and bi-merge reporting requirements. Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, issued the following comments.
MBA Comments on FHFA’s Credit Scoring Implementation Plan
The Federal Housing Finance Agency yesterday announced updates to its implementation plan for the GSEs’ adoption of FICO 10T and VantageScore 4.0 and bi-merge reporting requirements. Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, issued the following comments.
FHFA Announces Process for Implementing New Credit Score Requirements; MBA Encourages Members to Complete Survey
The Federal Housing Finance Agency recently requested stakeholder input as Fannie Mae and Freddie Mac replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports to requiring two credit reports for single-family loan acquisitions.