A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.
Sheila Bair joins Fannie Mae after several years as a university executive and a board member for companies like Reuters, Host Hotels and the Industrial and Commercial Bank of China.
Despite the president’s quick reversal of course on his proposal to cut payroll taxes, the housing industry remains worried g-fee may be tapped somehow.