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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FHFA Director Melvin L. Watt Delivers Moving Speech at Connect 2018

The Federal Housing Finance Agency (FHFA) has released the prepared remarks of Director Melvin L. Watt at the national Connect 2018 conference organized by the National Association of Minority Mortgage Bankers of America (NAMMBA). He shares a glimpse into his personal journey from a small community in North Carolina to becoming an influential leader of an agency that oversees trillions of dollars, and highlights how the intersecting factors of inclusion, economic opportunity and homeownership form the lives of countless Americans.

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