ABA mortgage advocacy update: Feb. 4, 2025
ABA continues its advocacy efforts on multiple issues that impact mortgage lending. Here is a rundown of important recent activities.
Tag: Credit scoring
Fannie Mae, Freddie Mac credit score transition put on hold
A planned implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie has been paused ...
ABA’s September Mortgage Advocacy Update
ABA has been active in recent months on issues important to banks in the mortgage space. The following is a ...
ABA, associations: More data needed from Fannie, Freddie credit score model
Associations requested additional data elements for the industry to begin the necessary analysis to transition to the new credit score ...
CFPB: More borrowers paying upfront fees to lower interest rates on mortgages
The percentage of homebuyers paying discount points roughly doubled from 2021 to 2023, according to the bureau, which noted that ...
FHFA officials discuss equitable housing plans, new credit score models
FHFA will have data on the Vantage score 4.0 model out by the middle of this year and the FICO ...
FHFA announces changes to credit score modernization effort
FHFA announced that in response to public input, it is making changes to its planned implementation of new credit score ...
Podcast: Getting the GSEs’ transition to new credit scores right
The multiyear effort to change the credit scoring models required by Fannie Mae and Freddie Mac continues to move forward, ...
ABA, associations seek data behind FHFA credit score modernization effort
The Federal Housing Finance Agency should make public the analyses behind its final rule to replace the FICO credit score ...
FHFA to expand public engagement on proposed credit score modernization effort
FHFA announced additional opportunities for public engagement on its plans to update the credit score process for loans acquired by ...
