FICO® Score Migration Resource Center
Mortgage industry participants looking to transition to the most current model, FICO® Score 10 T, can find information here to help inform your migration strategy and planning.
FHFA Selects FICO® Score 10 T for Use by Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) has completed its evaluation of new credit score models and has selected FICO Score 10 T to be used by Fannie Mae and Freddie Mac (the Enterprises).
FICO® Score 10 T Outperforms All Prior FICO Scores
In 2020, FICO released the FICO® Score 10 T to help lenders better predict and manage credit risk. FICO® Score 10 T uses a powerful new set of predictive characteristics generated from both traditional and trended credit bureau data. As with all FICO® Scores, compliance and user experience are top priorities.
- Users can feel confident using FICO® Score 10 T to integrate consumer behavior insights into decisioning, knowing that the score comes from a trusted and consistent source.
- FICO® Score 10 T has the same minimum score criteria and score range as prior versions of the FICO® Score.
The development of FICO® Score 10 T reflects FICO's practice of continual innovation to address market and data evolutions. It provides lenders with market-leading risk management capabilities for a wide variety of business applications, with more flexibility than ever before.
Why Secondary Market Investors Should Use FICO Score 10 T
Jim Wehmann, Executive Vice President of FICO, in conversation with Joe Seidel, Chief Operating Officer of SIFMA, on why the newest and most powerful FICO credit scoring model yet is the proven and reliable choice for secondary market investors world-wide.
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From the blog
Top 10 Reasons to Migrate to FICO® Score 10 T
Learn about FICO® Auto Score 10 and FICO® Bankcard Score 10.
