FICO

CFPB's real power player; FICO's push to help loan approval

10/22/18

Brian Johnson, the agency’s second-in-command, wields much power; Fair Isaac is planning changes to credit scoring to boost approvals.

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FHFA to write credit score rule rather than pick alternative score for GSEs

07/23/18

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

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FHFA still eyeing 2019 for implementation of new credit score model

03/29/18

The annual progress report on the Fannie Mae and Freddie Mac conservatorships reiterated that a new credit score model will likely not be operational until after the implementation of a new Single Security Initiative.

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Senate reg relief bill opens new front in credit-scoring battle

03/13/18

A late addition to regulatory relief legislation would direct the Federal Housing Finance Agency to review credit-scoring alternatives, but some say the provision is redundant.

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FHFA extends comment period on credit scoring changes

02/02/18

The Federal Housing Finance Agency said Friday it will give commenters more time to weigh in on a potential update to the credit scoring requirements for Fannie Mae and Freddie Mac.

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FHFA seeks input on Fannie and Freddie's credit score models

12/20/17

The two government-sponsored enterprises have relied on the “classic” FICO credit scoring model for the past 12 years. But the Federal Housing Finance Agency is weighing whether the GSEs should upgrade to more recent scoring alternatives.

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Are credit bureaus, housing groups in cahoots to kill FICO scores?

09/18/17

Efforts to persuade regulators to allow Fannie Mae and Freddie Mac to use alternative credit scores would stifle competition between the credit bureaus and FICO and do little to expand access to credit, according to industry analyst Chris Whalen.

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