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Fannie-Freddie’s Faith in FICO Tested by VantageScore

Barrett Burns has been lobbying Fannie Mae and Freddie Mac to adopt his credit-scoring system, VantageScore, for years. So when he spotted Mel Watt, the companies’ regulator, sitting in a Las Vegas hotel with his family, Burns didn’t hesitate to approach and make his pitch.

“I said, ‘We’d be pleased to come down and present our side of the business case to you,’” Burns, the chief executive officer of VantageScore Solutions LLC, said he told Watt at the annual Mortgage Bankers Association conference earlier this month. “He said, ‘Yeah, come on down.’”