Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups. Continue reading
Shares in the mortgage giants soared Wednesday on expectations that the Trump administration and Congressional Republicans will revive efforts to privatize the companies. Continue reading
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion. Continue reading
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down. Continue reading
A new “Wall Street Journal” report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee. Continue reading
With former JP Morgan Chase Director Priscilla Almodovar serving as Fannie Mae’s CEO since 2022, both mortgage giants are now led by women for the first time in history. Continue reading
Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO Score 10 T data next on deck. Continue reading
Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac’s federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance. Continue reading
Regulators and prosecutors are cracking down on landlords who’ve been falsifying income and expense data on crucial loan documents, according to a new feature published by “The Wall Street Journal.” Continue reading
Lenders won’t be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers. Continue reading