Fannie and Freddie May be Forced to Make Some Changes in the New Year!
January 7, 2016
Posted by: Joel Firestone (G-Net Consulting)
The Federal Housing Finance Agency (FHFA), the agency that oversees mortgage investors Fannie Mae and Freddie Mac, have ordered the companies to make plans to utilize alternate and/or updated scoring models in 2016 and to move forward in implementing them. This change would have a major impact on credit reports once they are implemented. Right