In a free hour, when our power choice is untrammelled and when nothing prevents our being able to do what we like best.

Since 2018 Fannie and Freddie have quietly opposed moving to utilizing alternative credit scores for millions of mortgage borrowers. FHFA simply hopes it will go away. It’s not only the operational challenge but the risk profile and how it may impact the enterprises existing and future credit risk transfer opportunities.

In the near-term U.S. Senator Scott holds the key to implementing the change. Come November the South Carolina Republican could be Chairing the Senate Banking Committee. He continues to see alternative credit scores as expanding borrower access to the mortgage market.

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