The push for government-related mortgage investors to adopt advanced credit metrics — originally slated for 2025 — has been put on hold indefinitely. As a result, the spotlight has shifted to the private market, where lenders are exploring new scoring models like FICO 10T and VantageScore 4.0 to expand originations while managing risk.
It’s a change in the landscape that the government-sponsored enterprises, mortgage companies and providers of the modernized scores have to navigate as the current administration in Washington looks to
To better understand how private lenders are adopting these metrics, we spoke with Julie May, vice president of business-to-business scores at FICO. She shared insights on how FICO is positioning its 10T score for the nonconventional market
Below are excerpts of her remarks on the subject, edited for clarity and length.
