FHFA to replace Classic FICO with more inclusive credit model
Credit News

FHFA To Replace Classic FICO With More Inclusive Credit Model

Sandra Thompson, the FHFA’s director, said during the recent Mortgage Bankers Association (MBA) Annual Conference that having two different credit score models will give investors a more accurate picture of risk and help them make better investment decisions. Thompson stated that the newer models are much more inclusive, as they

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