Credit Score “Phishing” – FNMA and FMAC Lay Down the Law

  • Posted by Thomas Conwell
  • On October 26, 2009
  • mortgage score phishing
A new catch-phrase has been created in the mortgage industry “Credit Score Phishing.” This is used to describe a process whereby a mortgage broker or lender, through their Credit Reporting Agency (CRA) reviews all available FICO score models, and then selects the highest of those scores for use on mortgage loan applications. Both GSEs (Fannie Mae and […]
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