And it shakes up the status quo competition does. It fuels a restless search for better solutions, for innovation and for hard work. That's why I'm happy to announce that HUD will soon accept the Vantage score and FICO 10T credit scores for FHA loan approval. The reason we're doing this is the credit scores are a very valuable tool. As the Director has stated, they serve as a signal to lenders and equip them with information to make financially responsible decisions. (06:10–06:17)
CLAIM
Asserts that HUD will accept new credit scores for FHA loans.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
