5.20.22
SFA Joins Joint Trades Letter to FHFA on Credit Scores Proposal
On May 13, SFA alongside six other trade associations submitted a letter to the Federal Housing Finance Agency urging to incorporate a fulsome transition plan for any potential changes in how Fannie Mae and Freddie Mac utilize credit scores as they implement Congress’ mandate to establish a process where other credit models can be approved and used in the GSEs mortgage purchase decisions. Read more.