People in the mortgage industry are being invited to give their thoughts about changing credit score models that are utilized by the government-sponsored enterprises.
Current credit score requirements at Fannie Mae and Freddie Mac allow the Classic FICO score to be used for product eligibility, loan pricing and financial disclosure purposes.
But new credit scoring models are being considered for the pair of secondary mortgage lenders. They include FICO 9 and VantageScore 3.0 as well as Classic FICO.
Source: Mortgage Daily