Original Additional Credit FHA Pilot Program Authorization Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Apr 16, 2026
What it does
This bill authorizes a pilot program under the National Housing Act to test an automated process that provides additional credit rating information for mortgagors and prospective mortgagors using alternative data sources, particularly targeting those with insufficient or thin credit histories. It requires the Secretary of Housing and Urban Development to select commercially available credit scoring models that incorporate additional data, notify borrowers of their options, and allow them to opt in or out of using these models for FHA-insured mortgages. The bill mandates detailed reporting on participation, outcomes, demographic impacts, default prediction effectiveness, and financial…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.