Legislation uses FICO, not Fake-O, score as benchmark

H. R. 600, the FHA Seller-Financed Downpayment Reform Act of 2009, introduced by “Mr. AL GREEN of Texas (for himself, Ms. WATERS, and Mr. GARY G. MILLER of California)” uses the term “FICO score” 5 times.  It is a bill “To revise the requirements for seller-financed downpayments for mortgages for single-family housing insured by the Secretary of Housing and Urban Development under title II of the National Housing Act.”  

In March, 2010, Representative Green said, “Thank you very much, and thank for that new term for my vocabulary: Fake-O.” (2:13:58 in the video)

One Response to “Legislation uses FICO, not Fake-O, score as benchmark”

  1. The Credit Score Blog » mint.com and Experian - strange bedfellows - April 14, 2010

    [...] FreeCreditScore.com is not sold to lenders. That score, the PLUS, is a Fake-O (a term acquired by a member of Congress in a hearing  last [...]

Comments are closed for this entry.