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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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FHFA proposes rule on credit score validation

The Federal Housing Finance Agency (FHFA) is seeking public comment on a proposed rule that would establish standards and criteria for the validation and approval of third-party credit score models used by Fannie Mae and Freddie Mac. The proposed rule would establish a four-phase process to validate and approve credit score models:

  • Solicitation of applications from credit score model developers
  • Review of submitted applications
  • Credit score assessment
  • Enterprise business assessment

A Fact Sheet on the proposed rule was also released. Comments will be accepted for 90 days (through 3/21/2019) following Federal Register publication, which was completed on 12/21/2018 at 83 FR 65575.

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