Equitable housing and climate change risk are out, deregulation and combating fraud are in. The plan sheds little light on Trump administration’s bid to spur homebuilders into expanding housing supply. Continue reading
The 2.4 percent increase ahead of an official announcement in November surpasses more cautious 1.5 percent increases adopted last month by UWM, Pennymac, CrossCountry and Rate. Continue reading
Real estate developers Cody Holmes and Steven Taylor have been accused of defrauding a program that funds affordable housing projects and are now facing decades in federal prison. Continue reading
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
James calls allegations over $109,600 mortgage baseless retribution, and a “continuation of the president’s desperate weaponization of our justice system.” Continue reading
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading
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
The legal battle over the Fed’s independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration’s bid to fire Cook. Continue reading
Rocket Companies has closed its acquisition of Mr. Cooper for $14.2 billion, according to an announcement on Wednesday morning. The final acquisition price is 51 percent higher than the $9.4 billion price tag announced in March, due to Mr. Cooper’s rec… Continue reading
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