Monday, December 4, 2017
Noon to 2 p.m.
700 F St NW, Washington, DC
Lunch will be served
Proposed legislation to scale back the Home Mortgage Interest and Property Tax deductions are not the only major changes to housing policy being considered in Washington this fall – determining what type of credit scores are used by the Housing Government-Sponsored Enterprises (GSEs) to help facilitate lending in the mortgage market is also being debated by government officials.
The Federal Housing Finance Agency (FHFA) recently announced it will soon issue a Request for Information (RFI) to solicit comment on critical considerations in the evaluation of competing credit scoring models to be utilized by Fannie Mae and Freddie Mac. FHFA Director Mel Watt has publicly highlighted some of the outstanding matters under consideration including repeated access to credit claims, the ownership structure of credit score developers, and maintaining credit score accuracy without fostering a “race to the bottom.”
This event will feature newly issued white papers from respected industry experts related to the ongoing GSE credit score evaluation. Topics will include:
Research from a leading analytics firm on the value that updated credit scoring models will add to the mortgage market;
Economic and competitive issues in the credit scoring market as detailed by an industry economist; and
Legal and regulatory matters to consider as outlined by a former state banking commissioner
Moderator: Paul Weinstein, Jr., PPI Senior Fellow and Director of the Public Management Graduate Program at John Hopkins University
Tom Parrent, Principal, Quantalytic
Ann B. Schnare, Principal, AB Schnare Associates LLC
Joseph A. Smith Jr., Partner, Poyner Spruill LLP and former North Carolina Commissioner of Banks