FHFA accepted alternative credit scoring models, including FICO Score 10T, while the Trump administration directed CFPB to cut mortgage cost drivers.
Steady: 0 in the last 7 days
Updated oct 7
The latest in this situation
How it started
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
FHFA accepted alternative credit scoring models, including FICO Score 10T, while the Trump administration directed CFPB to cut mortgage cost drivers.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Rocket Mortgage adopted VantageScore 4.0 following FHFA's allowance of competing credit scores.1 source
FHFA approved a new scoring standard, intensifying competition for FICO.1 source
- FHFA directs adoption of a new model to modernize credit risk assessment and utilize the new risk evaluation framework.Sub-event
FHFA adopts new FICO scoring model; Trump administration directs CFPB to reduce mortgage costs.1 source
Keep exploring
The entities involved
-
FICO
company
-
Federal Housing Finance Agency
U.S. federal agency
-
Consumer Financial Protection Bureau
agency of the United States government responsible for consumer protection in the financial sector
Related events
- FHFA is pushing GSEs toward a multimodel framework, while UWM will use FICO scores and Pulte announced a new pricing matrix for Fannie Mae.
- FICO shared survey results with USA TODAY, noting that lenders utilize credit scores from agencies like Equifax.
- TransUnion and Equifax extended VantageScore alongside FICO score and launched new credit file access models aligning with FHA requirements.
- The Federal Housing Finance Agency (FHFA) reported a seasonal increase in U.S. house prices.