The FHFA Announcement, Trended Data and Ten Reasons for FICO® Score 10T
FICO discusses the FHFA’s validation and approval of FICO Score 10T for use by Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that guarantee most of the mortgages in the US.
An uptick in missed payments, slightly elevated consumer debt levels, and an increased rate in consumers obtaining new credit contributed to the leveling off of the average FICO® Score
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