Federal Housing Administration Commissioner Frank Cassidy resigned effective June 1 to return to the private sector after overseeing significant agency modernization. His tenure included reducing multifamily mortgage insurance premiums and implementing new credit scoring models like VantageScore 4.0 and FICO 10T. These updates directly impact fintech developers building mortgage processing systems and credit assessment tools who must now integrate these modern financial standards into their platforms.
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Ali NematiWritten by Ali
