FHFA - EVL-2024-002 - EVL-2024-002-2

FHFA should clearly document in the decision record FHFA’s conclusion that any credit score model the Agency approves is consistent with the safe and sound operation of the Enterprises. Such a step would better demonstrate FHFA’s fulfillment of its responsibility under the Economic Growth Act and the Regulation.

Questioned Costs

$0

Funds for Better Use

$0

Recommendation Status

Closed

Source UUID

72e89146-985f-4583-adeb-6ddd5aeb53b2-EVL-2024-002-2

Report

FHFA’s Analysis of Credit Score Models Was Consistent with Applicable Requirements but the Agency Could Improve Its Process and Enhance the Level of Detail in Its Decision Record

Recommendation Number

EVL-2024-002-2