Electing to instead shift its focus toward implementing regulatory relief provisions enacted by S. 2155, the Federal Housing Finance Agency (FHFA) recently said there will not be a 2018 decision on updating the credit scoring model used by Fannie Mae and Freddie Mac.
The recently enacted law requires the FHFA to engage in rulemaking to define the standards and criteria the government-sponsored enterprises will use to validate credit score models.
Find out more about the agency’s decision and what it means for Fannie Mae and Freddie Mac.