Tommy Lee is a principal scientist and has been with FICO since 2003. In his current role in the analytics and scores development team, Lee is an analytic reviewer on FICO Score developments in the U.S. and internationally. Lee's recent accomplishments include playing an integral part in the research, design and development of the FICO Score 9 suite.
In today’s competitive housing market, there are many factors that help determine whether a person is ready to buy – rather than rent – their next home. To better understand the profile of individuals who are taking the next step in their financial journey, FICO researched how previous financial milestones impact the readiness to open a mortgage among Millennials.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.