Original Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Apr 15, 2026
What it does
The bill reauthorizes and amends a pilot program under the National Housing Act to allow certain mortgagors and prospective mortgagors to opt into using additional credit information—such as alternative data sources—to supplement traditional credit scoring for FHA-insured mortgages. It requires the Secretary of Housing and Urban Development to select commercially available credit scoring models that use additional data, provide clear notices to borrowers about their options, and enable comparison between pilot and standard lending outcomes. The bill mandates detailed reporting on participation, effectiveness, demographic impacts, and financial effects on the Mutual Mortgage Insurance Fund,…
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.