Groups push for FICO score alternative – Scotsman Guide 8/28/17

August 28, 2017

As reported by Victor Whitman, Chief Reporter for  Scotsman Guide.com, in a letter to FHFA Director Mel Watt, a coalition comprised of mortgage trade groups, civil rights and consumer groups, is requesting that the current FICO credit scoring method be replaced with new scoring which would more accurately determine a borrower’s credit risk.

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