Stephanie Bice: “Updating credit scores associated with FHA insured mortgages…”

“A recent example is HUD continues the work that President Trump initiated during his first term when he signed the Credit Score Competition act into law. Updating credit scores associated with FHA insured mortgages was long overdue. And I want to thank you for introducing modern credit scoring models that recognize things like on time rent, utility payments, cell phone payments, et cetera.” (00:16–00:21)

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.