Credit Score Models

GSEs and FHA Signal Next Phase of Credit Score Adoption

Published

Written By Informative Research

In an FHFA news release, the agency shared updates on how newer credit score models will be introduced into mortgage underwriting. Lenders will have the ability to work with both VantageScore 4.0 and Classic FICO, with changes rolling out over time. A HousingWire article (subscription required) adds additional detail around how the initial rollout is taking shape.

Fannie Mae

  • Fannie Mae is taking a phased approach, starting with a limited pilot program focused on VantageScore 4.0.
  • Approved lenders in the pilot can deliver loans using VantageScore 4.0, and during this phase may choose between VantageScore 4.0 and Classic FICO using tri-merge credit reports.
  • Lenders not participating in the pilot must continue using Classic FICO scores from all three bureaus.
  • No specific implementation details have been provided yet for FICO 10T.
  • Lenders can express interest in participating here.

Freddie Mac

  • Freddie Mac noted that VantageScore 4.0 “...will be implemented through a limited rollout with approved lenders to ensure operational readiness before broad availability.”
  • Lenders interested in using VantageScore 4.0 should contact their Freddie Mac representative or Customer Service at 800-FREDDIE
  • No specific implementation details have been provided yet for FICO 10T.

FHA

  • HUD has signaled adoption of both FICO 10T and VantageScore 4.0.
  • “By embracing these modern credit scoring models, we are expanding access to sustainable homeownership while maintaining the strong underwriting standards that protect both borrowers and taxpayers,” HUD Secretary Scott Turner said.
  • No additional implementation details or formal FHA press release have been provided at this time.

This update reflects a clear policy direction across the GSEs and FHA, with operational timing, delivery requirements, and broader implementation details still developing.

At Informative Research, we are ready to support Classic FICO, VantageScore 4.0 and FICO 10T as this rolls out. We are following these updates closely and working with our clients to help them stay aligned as more details become available.

For additional details on timing and participation, lenders should connect directly with their GSE representatives.