FHFA director on FICO changes: 'All we want is good competition'

The Consumer Data Industry Association says the new FICO program could add at least $99 to the cost of a typical mortgage. Do you dispute that. >> Yeah, I don't think that that's accurate.I think they also said something positive, so I'm not exactly sure. I haven't seen that exact statement. I do think it will lower cost, but I think most importantly, the leading indicator for lowering cost is competition.And now you're going to have, you know, a lot of people used to say that the credit bureaus and FICO we ...