The CHLA has urged government agencies, specifically FHFA and GSEs, to address FICO's drastic 700% credit score price increase over the past 30 months, which has not affected its market dominance. The trade group claims this escalation adversely impacts American families amid ongoing price inflation and housing difficulties. CHLA requested action from Pulte to halt future FICO price hikes and proposed the establishment of new GSE creditworthiness subsidiaries to foster competition. They believe these actions are critical to alleviating ongoing strain on borrowers and enhancing the overall mortgage market.
"CHLA expressed that the recent 700% increase in FICO credit score prices exacerbates the challenges faced by American families amid inflation, urging action for future restraint."},{
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