Tag Archives: Bob Broeksmit

Fannie, Freddie regulator vows to protect consumers from rising credit report fees

By | | Uncategorized
Comments Off on Fannie, Freddie regulator vows to protect consumers from rising credit report fees

FHFA Director Bill Pulte’s tweet dented Equifax, Experian and TransUnion shares as the MBA renewed calls to do away with tri-merge reporting. Continue reading →

FHA builds record reserves against a gathering storm of delinquencies

By | | Uncategorized
Comments Off on FHA builds record reserves against a gathering storm of delinquencies

With delinquencies and debt-to-income ratios on the rise, the Trump administration is lifting foreclosure restrictions and eyeing tighter underwriting requirements for borrowers with multiple risk factors. Continue reading →

2025 a banner year for mortgage deregulation and legislation

By | | Uncategorized
Comments Off on 2025 a banner year for mortgage deregulation and legislation

“We don’t just have a seat at the table,” Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. “We’re near the head of the table — and we’re speaking loud and clear.” Continue reading →

Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50

By | | Uncategorized
Comments Off on Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50

Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score. Continue reading →

Credit bureaus slam plan to cut them out of FICO score pricing

By | | Uncategorized
Comments Off on Credit bureaus slam plan to cut them out of FICO score pricing

Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac’s new direct license pricing as a useful first step, but said more reforms and competition are needed. Continue reading →

Democrats seek transparency into Fannie, Freddie ‘reprivatization’

By | | Uncategorized
Comments Off on Democrats seek transparency into Fannie, Freddie ‘reprivatization’

The Trump administration has assured industry groups that a stable housing finance system and low mortgage rates are a “North Star” in plans for a secondary offering, but Dems complain they’ve been shut out of process. Continue reading →

Trump signs bill curtailing sale of mortgage trigger leads in 180 days

By | | Uncategorized
Comments Off on Trump signs bill curtailing sale of mortgage trigger leads in 180 days

After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower’s current mortgage lender, loan servicer, or any bank or credit union they have an account with. Continue reading →

Dems seek answers on impact of Fannie, Freddie IPO on rates

By | | Uncategorized
Comments Off on Dems seek answers on impact of Fannie, Freddie IPO on rates

Survey shows most Americans are also concerned that privatizing the mortgage giants might lead to higher mortgage rates, although Democrats and independents are more likely to be worried than Republicans. Continue reading →

Let mortgage lenders pull one credit score, trade group says

By | | Uncategorized
Comments Off on Let mortgage lenders pull one credit score, trade group says

The tri-merge system is “an anachronism from the days when there were significant disparities in coverage by the credit bureaus,” MBA says in advocating new approach. Continue reading →

Mortgage bankers take a stand against tri-merge credit reporting

By | | Uncategorized
Comments Off on Mortgage bankers take a stand against tri-merge credit reporting

Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.” Continue reading →