Nearly two dozen members of Congress recently sent a letter to Bill Pulte, director of the Federal Housing Finance Agency (FHFA), that supports his decision to accept VantageScore 4.0 credit scores for mortgages purchased by Fannie Mae and Freddie Mac.

The lawmakers, led by Rep. Mike Flood (R-Neb.), said that the move will help President Donald Trump in his “mandate to lower the cost of housing” through final implementation of the Credit Score Competition Act.

“American consumers have been stuck using a single outdated credit scoring model,” the letter to Pulte reads. “Thanks to your efforts, the details ⇒

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