FHFA Halts Search for New Credit Score Models


Today the Federal Housing Finance Agency (FHFA) announced that it is shelving its search of a new credit score model, a decision that was expected to be announced in 2018, to focus its attention on implementing the Economic Growth, Regulatory Relief and Consumer Protection Act enacted earlier this year. The Act requires the agency to set definitive rules for Enterprises to follow when validating current credit score models.

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