📋 Tender Overview
As ordered reported by the House Committee on Financial Services on September 20 2019The bill wouldAuthorize appropriations for the Federal Housing Administration FHA to create a pilot program for a credit-scoring system using alternative dataPermit FHA to insure mortgages for homebuyers who meet credit score requirements that are based on that alternative dataEstimated budgetary effects would primarily stem fromSpending funds authorized to be appropriatedIncreases in the premiums collected from mortgagors with FHA insurance
