House reintroduces bill to end “FICO monopoly” at Fannie Mae and Freddie Mac

After a little more than a year, three senators are reigniting the fight to allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use. If passed, the bill would finally allow competition in the government’s credit approval process. http://www.housingwire.com/articles/39163-house-reintroduces-bill-to-end-fico-monopoly-at-fannie-mae-and-freddie-mac ❤️ #share #mortgage

Advertisements