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 · The Equifax Hacking Scandal Is a Reminder That Credit-Reporting Agencies Are Not Our Friends. -90 percent of “top” lenders use them for credit scoring.. when Fannie Mae and Freddie Mac.

Fannie and Freddie stick with outdated credit scoring. They also noted that at least one major competitor to FICO, VantageScore Solutions, offers a model that claims to score 30 million-plus consumers with minimal data on file at the credit bureaus who currently are "unscoreable" or invisible to older FICO models.

Investments Lending Real Estate Senate to consider bill to end "FICO monopoly" at Fannie Mae and freddie mac bipartisan push continues to allow GSEs to use alternative credit scoring models

In 1995, Freddie Mac began receiving affordable housing credit for buying subprime securities, and by 2004, HUD suggested the company was lagging behind and should "do more". [12] Freddie Mac was put under a conservatorship of the U.S. federal government on Sunday, September 7, 2008.

This wouldn’t be a Washington book if Blinder didn’t use it to settle some old scores. As a vice chairman of the Fed who was routinely ignored by its chairman. 7 p.m. AFTER THE MUSIC STOPPED The.

Now that the FHFA has ‘put a pin’ in the credit score initiative (until late 2020), the company behind FICO scores (Fair Isaac Company) will continue to enjoy a monopoly for the time being. While the FHFA focuses on compliance with Section 310 of the new law, the pressure will continue to mount from the nonbank community, and the debate.

Just when it seemed that reforming the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac was becoming a "third rail" that politicians did not want to touch, Trump administration officials – from the president on down – are now making bold statements about curbing the powers of GSEs in the housing market and reducing their risk to taxpayers.

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Freddie Mac. likely to use them to reduce its tax bill. A decision is likely in the next two quarters. The US Treasury, which put Fannie and Freddie into government conservatorship when they.

Fannie Mae is apparently going to look after. focused on Fannie Mae and the other GSE, Freddie Mac, as a big part of efforts to ease the credit crunch.. granting company use it’s own scoring.