Author Archives: Matt Carter

Rollout of new mortgage credit scoring models pushed back

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Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.” Continue reading →

Trump nominates homebuilder scion to oversee Fannie, Freddie

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The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading →

FTC warns of massive spoofing op impersonating mortgage lenders

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“Green Mirage” phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower’s actual mortgage lender and tricking victims into making payments to U.S.-based “mules.” Continue reading →

MyCUmortgage signed 18 credit unions as new clients in 2024

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With three new clients signed in Q4, the credit union onboarded as mortgage partners in 2024 represent more than 421,000 members and $6.76 billion in assets. Continue reading →

Freddie Mac deepens integrations with ICE’s Encompass platform

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Mortgage giant claims lenders who embrace automation enjoy fewer loan defects and cut loan production time and cost compared to lenders with lower technology utilization. Continue reading →

Mortgage rates ease on benign December inflation report

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Investors bid up shares of mortgage lenders and real estate companies after “relatively benign” CPI report ends speculation that inflation worries might force the Fed to raise rates this year. Continue reading →

Go Mortgage and PacRes seek economies of scale in merger

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Executives and employees of the combined company will continue to serve a nationwide footprint as Go Mortgage, which is hiring retail branch managers and loan originators. Continue reading →

Brookfield Properties said to be acquiring Divvy Homes in ‘fire sale’

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Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading →

Mr. Cooper veteran Chris Marshall tapped to run Xome marketplace

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Marshall will take over for Xome CEO Mike Rawls when he retires on June 30, with the two working together until then to ensure a smooth transition at the foreclosure auction site, executives said. Continue reading →