FHFA Extends Comment Period on Alternative Credit Scoring

The Federal Housing Finance Agency (FHFA) has recently sought industry feedback regarding whether the Agency should require the enterprises to update their models to use the newest FICO (FICO 9), the new VantageScore model (3.0), or a combination of both. The original FHFA request for input was submitted on December 20, 2017 with a deadline for feedback by February 20, 2018. However, an article in Asset Securitization Report reports that on Friday, February 2nd, FHFA announced that it was extending the deadline to March 30, 2018. Interested parties may submit comments on FHFA's Request for Information Form.

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