Mortgage industry executives say the shift to new credit score models and lender choice could raise mortgage delinquencies, reshape pricing grids at the government-sponsored enterprises (GSEs) and ultimately push costs back onto borrowers, even if the costs for scores fall on the front end.

U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and Federal Housing Finance Agency (FHFA) Director Bill Pulte on April 22 announced moves to adopt FICO 10T and VantageScore 4.0 as alternatives to FICO Classic. 

The FHFA signaled loan-level price adjustments (LLPAs) for loans submitted under the new models, which some in details ⇒

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