CHLA Statement on FHFA Updating its Credit Score Requirements
(Washington, D.C) – Community Home Lenders of America (CHLA) Executive Director Scott Olson released the following statement regarding the Federal Housing Finance Agency (FHFA) announcing key updates to its credit score requirements.
“CHLA commends FHFA and Director Thompson for updating its credit score requirements. The details of these updates will be important, and we look forward to working with FHFA over the next few years to ensure that this saves money for borrowers– particularly those who are underserved and first-time homeowners.”