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Validation and Approval of Credit Score Models

Publication Details
Type
Proposed Rulemaking
Document Number
2018-27565
Federal Register Publish Date
12/21/2018
Federal Register Citation
83 FR 65575
PDF Format
Comment Open Date
12/13/2018
Comment End Date
03/21/2019
Comment Status
Closed
Rulemaking Details
Rulemaking

Validation and Approval of Credit Score Models

Contact Information

​FOR FURTHER INFORMATION CONTACT: Beth Spring, Senior Policy Analyst, Housing & Regulatory Policy, Division of Housing Mission and Goals, at (202) 649-3327, Elizabeth.Spring@fhfa.gov, or Kevin Sheehan, Associate General Counsel, (202) 649-3086, Kevin.Sheehan@fhfa.gov. These are not toll-free numbers. The mailing address is: Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) is proposing a rule on the process for validation and approval of credit score models by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the Enterprises). The proposed rule would define a four-step process for an Enterprise to validate and approve credit score models, including: (1) the solicitation of applications from credit score model developers, (2) an initial review of submitted applications, (3) a Credit Score Assessment by an Enterprise, and (4) an Enterprise Business Assessment. FHFA requests public comment on all aspects of this proposed rule.

DATES: FHFA will accept written comments on the proposed rule on or before March 21, 2019.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

61 items
CSV
Date First Name Last Name Organization Comment
Curtis Milton National Association of Home Builders See Attached Comment LetterView Comment Email: cmilton@nahb.org
Attachment: View Attachment
Stephanie Gunselman Equifax Inc. Please see the attached letter.View Comment Email: N/A
Attachment: View Attachment
Marc Morial National Urban League Comments attached...View Comment Email: kwilliams@nul.org
Attachment: View Attachment
Thomas Aiello National Taxpayers Union The attached comment letter is submitted on behalf of National Taxpaye…View Comment
Email: thomas.aiello@ntu.org
Attachment: View Attachment
Joseph Pigg American Bankers Association Good Afternoon: Please see the enclosed comment letter regarding RIN 2…View Comment
Email: jpigg@aba.com
Attachment: View Attachment
Barrett Burns VantageScore Solutions LLC please see attached documentView Comment Email: barrettburns@vantagescore.com
Attachment: View Attachment
Patrick Walker PERC Comments are attached.View Comment Email: N/A
Attachment: View Attachment
Noerena Limon National Association of Hispanic Real Estate Profe Comment Letter Attached.View Comment Email: nlimon@nahrep.org
Attachment: View Attachment
Joe Mellman TransUnion LLC Please see attachment for TransUnion's commentsView Comment Email: N/A
Attachment: View Attachment
Barry Zigas Consumer Federation of America Comments submitted on behalf of Consumer Federation of America, Leader…View Comment
Email: bzigas@consumerfed.org
Attachment: View Attachment
Roy DeLoach National Association of Mortgage Brokers (NAMB) Comments of the National Association of Mortgage Brokers (NAMB)View Comment Email: N/A
Attachment: View Attachment
Kristi Luzar Urban Economic Development Association of WI Please see the attached letter, on behalf of a local homeownership con…View Comment
Email: kristi@uedawi.org
Attachment: View Attachment
Park Jim The Mortgage Collaborative Cooperative & The Mortgage Collaborative Management Company See attached.View Comment Email: N/A
Attachment: View Attachment
Bethany Sanchez Metropolitan Milwaukee Fair Housing Council I am submitting the full comments of the Metropolitan Milwaukee Fair H…View Comment
Email: bsanchez@fairhousingwisconsin.com
Attachment: View Attachment
Ann Kossachev NAFCU Attached please find NAFCU's comment letter regarding the FHFA's propo…View Comment
Email: akossachev@nafcu.org
Attachment: View Attachment
Nathan Batts North Carolina Bankers Association Please find attached a comment letter from the North Carolina Bankers…View Comment
Email: nathan@ncbankers.org
Attachment: View Attachment
Agatha So UnidosUS Please see the attached comment.View Comment Email: aso@unidosus.org
Attachment: View Attachment
Debra Still Pulte Mortgage LLC Please see attached letter.View Comment Email: debra.still@pulte.com
Attachment: View Attachment
Simone Griffin HomeFree-USA Since HomeFree-USA was launched in 1995, we've met hundreds of thousan…View Comment
Email: simoneg@homefreeusa.org
Attachment: N/A
Tony Thompson National Association of Minority Mortgage Bankers of America (NAMMBA) See attached comment letterView Comment Email: N/A
Attachment: View Attachment
Emile Brinkmann N/A Comment letter is attachedView Comment Email: N/A
Attachment: View Attachment
Christopher Whalen Whalen Global Advisors LLC File attachedView Comment Email: chris@rcwhalen.com
Attachment: View Attachment
Paul Weinstein Jr Progressive Policy Institute fAlfred M.Pollard GeneralCounsel Attention: Comments/ RIN 2590—AA98 Fe…View Comment
Email: pweinst3@jhu.edu
Attachment: N/A
Thomas Parrent Quantilytic LLC Please accept the two attached documents as comments on the Notice of…View Comment
Email: tom.parrent@quantilytic.com
Attachment: View Attachment
Tino Diaz America's Homeowner Alliance Comment letter attached.View Comment Email: kara.ward@hklaw.com
Attachment: View Attachment