Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), announced via social media on Tuesday that Fannie Mae and Freddie Mac will with immediate effect accept the VantageScore 4.0 credit model. The government-sponsored enterprises, however, will continue to consider credit scores from three bureaus, called tri-merge scores. 

Since he joined the FHFA, Pulte has pursued changes to the current credit score requirements by the government-sponsored enterprises. His comments were directed to Fair Isaac Corp. (FICO), which licenses one of the most widely used credit-risk assessment tools in the mortgage industry. 

In a Tuesday morning post on social details ⇒

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