H.R. 4211, the Credit Score Competition Act, my other bill here, opens up the GSEs to alternative credit scoring models and in doing so expands the pool of home buyers without lowering the bar for qualifications.
Royce discusses a bill aimed at expanding home buyer access through alternative credit scoring.
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These efforts build on previous U.S. sanctions as well as those by Canada, the European Union, and Switzerland.
In the decade leading up to the financial crisis of 2008, Fannie Mae and Freddie Mac spent nearly $200 million on lobbying activities and campaign contributions.
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