Although tensions between the FHFA and its OIG are high, the IG team continues to crank out examinations and audits, including four released this week.
A new study by UI housing researchers shows that VantageScore 4.0 and FICO 10T significantly outperform Classic FICO. 10T also outperforms VS4, but by a much smaller margin.
Even though FHFA Director Bill Pulte spent much of last year floating the idea of LLPA reform as a way to lower the cost of a mortgage, the new LLPA grids for VantageScore 4.0 were not accompanied by a reduction in fees for Classic FICO loans.
The agency must release 1,746 documents requested by FOIA specialist Jason Leopold because it failed to adequately demonstrate foreseeable harm from their release.
New research suggests that as much as a third of the difference in a loan’s VantageScore 4.0 score and its FICO 10T score is unrelated to the credit-scoring model.