There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regluator

FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading

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