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.
Tag: Sasha Hewlett
MBA Letter Voices Concerns Over FHFA DTI-Based LLPA
The Mortgage Bankers Association on Friday sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to loan-level price adjustments by Fannie Mae and Freddie Mac, particularly addition of an LLPA based on debt-to-income ratio.
MBA Promotes Heather Messam, Justin Wiseman, Joel Kan
The Mortgage Bankers Association promoted Heather Messam to Vice President and Controller; Justin Wiseman to Vice President and Managing Regulatory Counsel; and Joel Kan to Vice President and Deputy Chief Economist.