{"database": "press", "table": "releases", "rows": [["https://www.scott.senate.gov/media-center/press-releases/scott-applauds-fhfa-efforts-to-responsibly-expand-homeownership-to-more-americans/", "Scott Applauds FHFA Efforts to Responsibly Expand Homeownership to More Americans", "2022-10-25", "2022", "2022-10", "Republican", "Senate", "SC", "Tim Scott", "S001184", "www.scott.senate.gov", "timscott", "https://www.scott.senate.gov/media-center/press-releases/jsf/jet-engine:press-list", "scraper", "WASHINGTON \u2013 U.S. Senator Tim Scott (R-S.C.) released a statement on this week\u2019s announcement by Federal Housing Finance Agency (FHFA) Director Sandra Thompson that the Agency validated and approved both FICO 10T and VantageScore 4.0 for use by Fannie Mae and Freddie Mac (the GSEs) and will eventually require lenders to deliver both credit scores with each loan sold to the GSEs.\n\n\u201cA lot has changed about the world in the two decades since the GSEs\u2019 accepted scoring model was last updated \u2013 including tremendous technical advancements in credit modeling technology and significant changes to consumer consumption trends \u2013 and this announcement marks an important step in helping make our country\u2019s housing system more fair for everyone without lowering the bar for qualification,\u201d said Senator Scott. \u201cHomeownership is a central part of the American Dream, and I am optimistic that the changes outlined by FHFA today will responsibly assist millions of hardworking, qualified, and creditworthy people across the country to accomplish that goal.\u201d\n\nBackground:\n\nIn 2017, Sen. Scott partnered with Senator Mark Warner (R-Va.) to introduce the Credit Score Competition Act, which directed the FHFA to create a process by which credit scoring models can be validated and approved for use by the GSEs when they purchase mortgages.\n\nThe bill was ultimately part of the bipartisan financial regulatory tailoring package, S. 2155 \u2014 the Economic Growth, Regulatory Relief, and Consumer Protection Act, which was signed into law in May 2018. FHFA began efforts to implement Sen. Scott\u2019s legislation shortly afterward.\n\nRead more about Senator Scott\u2019s work to level the homeownership playing field for creditworthy Americans here.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T18:34:28Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.scott.senate.gov/media-center/press-releases/scott-applauds-fhfa-efforts-to-responsibly-expand-homeownership-to-more-americans/"], "units": {}, "query_ms": 1.1110249906778336, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}