New House bill would end ‘FICO monopoly’ at Fannie Mae, Freddie Mac: A bill introduced Thursday in the House of Representatives would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use when determining what loans to purchase. http://www.housingwire.com/articles/35810-new-house-bill-would-end-fico-monopoly-at-fannie-mae-freddie-mac ❤️ #share #mortgage
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