Currently, originators underwrite and deliver mortgages to investors using the Fair Isaac Corp. (FICO) Score 2. Federal agencies are currently implementing key updates to their credit score model requirements. Fair Isaac recently commissioned Milliman to provide an assessment of new models FICO 10 and FICO 10 T when compared to FICO 2. The report:

• Evaluates whether the new models provide an improvement relative to FICO 2
• Highlights how the model improvements may impact various borrower segments
• Evaluates the impact to investors that rely on credit scores for underwriting and pricing decisions for managing mortgage delinquencies

This report was commissioned by FICO.