Establishes a pilot program to evaluate additional credit rating information for mortgagors.

The bill establishes a pilot program under the National Housing Act to evaluate the use of additional credit rating information for mortgagors and prospective mortgagors. The pilot program will examine the benefits of using credit scoring models that utilize additional data. The Secretary of Housing and Urban Development will select one or more commercially available credit scoring models for the pilot program.

Establishes a pilot program to evaluate additional credit rating information for mortgagors.

The bill establishes a pilot program under the National Housing Act to evaluate the use of additional credit rating information for mortgagors and prospective mortgagors. The pilot program will examine the benefits of using credit scoring models that utilize additional data. The Secretary of Housing and Urban Development will select one or more commercially available credit scoring models for the pilot program.