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.
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From the blog
Fannie Mae and Freddie Mac Will Require the Use of FICO Score 10 T
FICO Score 10 Suite Available from All Three Credit Bureaus
Innovation Never Sleeps: Why We Redevelop the FICO Score
Learn about FICO® Auto Score 10 and FICO® Bankcard Score 10.
