NAFCU, trades urge FHFA to be transparent on data related to credit score models


NAFCU and CUNA, along with several financial trade associations, wrote to Federal Housing Finance Agency (FHFA) Director Sandra Thompson to request that the agency be transparent with its data and analyses regarding credit scoring models and the shift to bi-merge reporting.

“As a critical first step of the implementation process, we ask that FHFA provide its analysis as well as the data and findings from the Enterprises’ comprehensive testing and assessment,” wrote the organizations. “Transparency into these analyses and assessment findings will greatly enhance and facilitate productive implementation planning discussions in FHFA’s and the Enterprises’ ongoing public engagement sessions.”

In addition, the groups noted that the results from the tests performed by the government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – would:

  • provide insight on how the new scores reflect a borrower’s ability to repay;


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