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Scott Turner: “Today is the announcement that we will begin to use Vantage…”

Featuring: Scott Turner, Republican | Secretary of Housing and Urban Development | National

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HUD, FHFA announce major shift in US housing finance system

Published | Video Starts at 15:06

Secretary Turner, Joe Light of Barron's asks, does HUD have a timeline for when FHA will start accepting the alternative credit score models in the next few months? We don't have a solid timeline, but just stay tuned. Today is the announcement that we will begin to use Vantage score and the Fico 10T. But a solid fine timeline is is to come. Stay tuned. Thank you. Other questions from the room. Katherine here. Hi, Katherine Hacker with Politico. (15:06–15:13)

CLAIM

Asserts that HUD will begin using Vantage Score and FICO 10T.

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