As the Federal Housing Finance Agency considers whether to update the credit scoring models used by Fannie Mae and Freddie Mac, a new paper from Dr. Clifford Rossi explores the risks of introducing multiple credit scores to the mortgage lending system.
Tag: FICO
FICO: Understanding the Risks of Multiple Credit Scores in Mortgage Lending
As the Federal Housing Finance Agency considers whether to update the credit scoring models used by Fannie Mae and Freddie Mac, a new paper from Dr. Clifford Rossi explores the risks of introducing multiple credit scores to the mortgage lending system.
HUD Report Notes ‘Credit Invisibility’ Among Assisted Households
HUD and the Policy and Economic Research Council, in a new study examining reporting rent payments to credit reporting agencies, said while rent payment performance can improve both credit visibility and the fraction of tenants with credit scores above 620, it also shows that many public housing tenants continue to have subprime credit scores that can limit their housing choices and their ability to obtain insurance.