Milliman：2026年评估抵押贷款信用风险中的贷款人选择：三维环境如何影响逆向选择报告（英文版）

Following the approval of VantageScore 4.0 and FICO 10T for mortgages delivered to the government-sponsored enterprises (GSEs), as well as the Federal Housing Administration’s (FHA) April 2026 announcement that both models will be permitted for FHA-insured mortgage underwriting, 1 important questions have emerged about the transition to a multiscore framework. In particular, the ability of lenders to choose which score to use for each individual loan has become a central discussion topic in t