Statement from Malloy Evans on Fannie Mae's Transition to Dual FICO 10 T and VantageScore 4.0 Credit Score Models
"Fannie Mae will work closely with our lender partners and other industry stakeholders to facilitate the transition from Classic FICO to a dual credit score model," said Malloy Evans, Executive Vice President and Head of Single-Family, Fannie Mae. "This update is part of Fannie Mae's ongoing commitment to assessing and refining our mortgage eligibility and underwriting processes to advance sustainable and equitable homeownership opportunities while promoting responsible and sound lending."
More information about the solicitation process and timeline can be found on Fannie Mae's website.
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