Tag Archives: Credit Scoring

Recent data from the Home Mortgage Disclosure Act paints a picture of an improving market with some room for improvement in a few key areas.

Does the FHFA’s credit-scoring model need an update? Critics of the current system argue that homeowner demographics are changing and that the FHFA needs to evolve to meet their needs.

Currently, the GSEs use the FICO credit score model, which critics say is outdated and less granular than more recent models, however, FICO begs to differ.