McGlinchey in the News
Will two newer credit scores beat a single older one for mortgages?Read Time: 1 min
Member Jim Milano (Washington, DC) was quoted in a National Mortgage News article on the Federal Housing Finance Agency’s plan to replace the FICO Classic credit score used by government-sponsored enterprises with two new ones by 2025.
“I would like to say that this is going to help broaden the box, so to speak, but some people could complain,” said Jim Milano, attorney at McGlinchey Stafford. He said litigation in this area is not something he comes across in his practice but urges caution about fair lending impacts.
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