MBA Joint Trades Letter on FHFA Credit Score Models and Reports Initiative
On behalf of the American Bankers Association, Housing Policy Council, Independent Community Bankers of America, Mortgage Bankers Association, Structured Finance Association, and U.S. Mortgage Insurers, we are writing to provide recommendations on the Federal Housing Finance Agency’s (FHFA) Credit Score Models and Reports Initiative. Our organizations represent a wide range of counterparties to Fannie Mae and Freddie Mac (the Enterprises), including lenders, servicers, investors, and mortgage insurers. As such, our organizations have a direct interest in the impact of the business decisions of the Enterprises, including the manner in which their credit score policies contribute to a competitive and sound housing finance system.
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