The Community Home Lenders of America (CHLA) on Thursday sent a letter to Sandra Thompson, director of the Federal Housing Finance Agency (FHFA), urging the slower implementation of changes to the credit score reporting process.

The letter, which was also sent to the CEOs of Fannie Mae and Freddie Mac, expresses appreciation to FHFA for “its efforts to improve the credit score reporting process and to offer more mortgage access with lower costs in mortgage transactions,” the letter said.

But CHLA, which represents smaller lenders, supports a slower implementation timeline, saying that it will allow for access to details ⇒

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