The Department of Housing and Urban Development is planning to update the FHA TOTAL Scorecard automated scoring system. FHA has been studying other possible changes in how TOTAL is used for managing the credit risk of new insurance, according to a HUD spokesman. “We anticipate making changes in the coming months,” he said, without elaborating. TOTAL is a system that provides feedback to approved lenders on what the FHA considers acceptable risk, apart from manual underwriting review. The system has been operating since May 2004 and mandatory for all loans, except non-streamline refinance actions, since July 2008. The system has...