Letter: Joint Trade Letter to FHFA on Credit Scoring Model Analysis

December 20, 2023

USMI joined a coalition of housing finance organizations, including the American Bankers Association, Housing Policy Council, and Mortgage Bankers Association, in sending a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson. The coalition wrote to request the release of the analyses performed by FHFA, Fannie Mae, and Freddie Mac to assess the FICO 10T and VantageScore 4.0 credit score models, the criteria stipulated in the Credit Score Solicitation, and analyses conducted to support the shift to bi-merge credit reports. Click here to read the full letter.