James B. Lockhart III

Why Fannie and Freddie need newer credit scoring models
Competition for FICO would foster a more sustainable housing system

OPINION — Housing policy is suddenly back in the news. The Senate Banking Committee held hearings on housing finance reform recently and the Trump administration wants federal agencies to draft reform plans for mortgage securitization giants Fannie Mae and Freddie Mac. But after 10 years in conservatorship, winding down these government-sponsored enterprises and restructuring the mortgage market will be herculean tasks.

We can start by revisiting a proposed regulatory rule on credit scoring.

Congress Has a ‘Lame Duck’ Shot at Fixing Retirement Security
Legislation to help Americans save more for retirement is already moving forward

OPINION — As the midterms approach, the American public’s expectations of any productive policy coming out of Washington are near rock bottom. The postelection “lame duck” session, particularly in the current partisan atmosphere, would normally be a lost cause.

Leadership by a group of lawmakers, however, has given Congress a rare opportunity: bipartisan legislation that would improve the retirement security for millions of Americans.