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.
The ranking member of the Senate Committee on Banking, Housing and Urban Affairs pressed FHFA Director Bill Pulte and HUD Secretary Scott Turner to describe their plans to enforce new restrictions on home purchases by Wall Street and private equity firms.
Jon Oksenholt’s plan would create a parent company that would own the GSEs and Common Securitization Services but allow them to keep their charters and operate independently.