Alternate Credit Scoring Models: FICO vs. Vantage Models

According an article in the Wall Street Journal, on August 13, the Federal Housing Finance Agency (HFHA), which supervises Fannie Mae and Freddie Mac, has sent to the Federal Register for publication a final rule on the validation and approval of third party credit score models that can be used by Fannie and Freddie. When […]

What is a Peer Bank?

What is a peer bank?  A seemingly simple question that has become anything but simple to answer.  Peer banks are a hugely important item that can vastly affect the portrayal of your institution, and thus it is paramount that when you define an institution as a “Peer Bank,” you are identifying the correct organization.  There […]

Redlining: A Compliance Officer’s Primer

In today’s regulatory environment, most compliance officers are keenly aware of the fact that redlining is one of three 2017 foci for the CFPB and probably for the prudential regulators as well.  The purpose of this article is to highlight the key elements in any redlining analysis and thereby make it easier for compliance officers […]