FHFA Director Bill Pulte ordered the mortgage giants to start using more inclusive VantageScore 4.0 in July. But adoption is a “complex, technical and arcane” process that could drag into next year.
Source: Inman News
Why Fannie and Freddie still won’t accept more inclusive credit score
Published in Automated Desktop Underwriter, Bill Pulte, Chi Chi Wu, CHLA, Classic FICO, Community Home Lenders of America, credit bureau, credit reporting, credit scoring, Credit Scoring Market, credit scoring models, Desktop Underwriter, Equifax, experian, Fair Isaac, fannie mae, Federal Housing Finance Agency, FHFA, fico, FICO Classic Score, FICO score, FICO Score 10 T, freddie mac, LLPA, LLPAs, loan-level price adjustments, Mortgage, Mortgage Credit Scoring, mortgage lending, mortgage loans, National Consumer Law Center, Regulations, Rob Zimmer, Select, TransUnion, trended credit data, vantagescore and VantageScore 4.0
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