The Federal Housing Finance Agency (FHFA) announced it will
hold additional stakeholder forums and listening sessions to gather public
feedback on the agency’s plan to transition to a new credit scoring model for
the government-sponsored enterprises (GSEs) – Fannie Mae and Freddie.
The plan calls for the GSEs to adopt new credit scoring
models and move from a tri-merge model for reporting requirements to a bi-merge
reporting model. FHFA initially announced the pending changes in October 2022 as
an effort to better ensure the quality of loans serviced by the
enterprises.