General World News

CHLA offers support for Pulte’s position on FICO pricing

After a statement made last week in condemning the credit-score pricing practices of Fair Isaac Corp. (FICO), Federal Housing Finance Agency (FHFA) Director Bill Pulte is now being complimented for his position by the Community Home Lenders of America (CHLA).

CHLA on Tuesday sent a letter to Pulte, saying that FICO “has a clear monopoly position in the U.S. mortgage market for credit scores, [and] has been raising prices excessively.” The organization went on to say that pricing for its credit-scoring services are not dictated by market forces but details ⇒

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