Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.”
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Fannie Mae and Freddie Mac won’t require lenders to switch to the new FICO Score 10 T and VantageScore 4.0 this year after all, with lenders still waiting on the release of historical data from Fair Isaac Corporation (FICO) that will allow them to calibrate their underwriting models.
A plan put in motion by the Federal Housing Finance Agency (FHFA) nearly three years ago called for lenders to start using the new scoring models during the fourth quarter of 2025 for all loans they delivered to Fannie and Freddie.
Last July, Fannie and Freddie released historical data aimed at smoothing the adoption of the new VantageScore 4.0 model, and said they were working with FHFA to make similar historical data for the FICO Score 10 T available “as soon as possible.”
Deadline for adopting new credit scores: ‘TBD’
