FHFA acting Inspector General John "Joe" Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering
Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score for conforming loans
Mortgage giants allegedly weren't informed in advance that they'd be required to accept VantageScore 4.0, and lenders have lots of questions about how the new process will work