Does alternative credit scoring offer more accurate risk assessment?

Jul 20, 2022 ... And although it has not stretched as far as GSE conservatorship, the FHFA's review of alternative credit scoring models is now in its seventh ... Mar 4, 2025 ... Alternative credit scoring is a method of assessing potential borrowers using non-traditional data sources. May 17, 2022 ... New alternative credit scoring systems present challenges not covered by the Fair Credit Reporting Act or the Equal Credit Opportunity Act. Janine S. Hiller, Fairness in the Eyes of the Beholder: AI; Fairness; and Alternative Credit Scoring, 123 W. Va. L. Rev. FHFA, along with Fannie Mae and Freddie Mac (the Enterprises), is committed to regularly assessing and modernizing the credit score models used by mortgage ... Sep 23, 2021 ... Abstract. This paper covers a scoping review to establish the breadth of alternative credit scoring literature. The field is nascent and gaining ... Mar 22, 2019 ... National Taxpayers Union filed comments this week with the Federal Housing Finance Agency on the possibility of using alternative credit ... While alternative credit scoring may ultimately benefit some consumers, it also poses significant risks. Credit-scoring tools that integrate thousands of ... If these issues are not addressed, alternative data-driven credit-scoring systems can potentially amplify transparency and discrimination issues, preventing ... A movement is under way to collect and score alternative data that reflect the many payments credit-underserved individuals routinely make for insurance, ...