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Fannie Mae, Freddie Mac to use alternative credit scores --- what that means for potential homebuyers

Por: MarketWatch Business October 25, 2022

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“The enterprises have long relied on classic FICO, and it has met their basic needs,” Sandra Thompson, director of the FHFA, in Nashville, Tenn., but “it is time to recognize the significant innovations that have occurred in credit score modeling.” Fannie and Freddie were institutions created by Congress, and are federally-backed mortgage institutions. They guarantee made in the U.S., so many lenders follow the rules set out by Fannie... + full article



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