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I think he meant the reports would have to be manually re-scored - probably utilizing a different model.
That's what we have said all along. Lenders will have to manually rescore all reports with spousal AU's present if utilizing FICO 08, to not run afoul of the ECOA.
Even Loan Doctor's quote above is dangerous. Lenders cannot discriminate based on marriage status, so how they can limit it to "spousal AU's", is a slippery slope, IMHO.
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How come "phonetically" is spelt with a "ph"?
Last edited by jlynn; 05-26-2008 at 03:30 PM..
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