Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading

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

Fired Fannie Mae workers file discrimination, defamation suits

Dozens of fired employees, all U.S. citizens of Indian nationality, deny defrauding charitable giving program and seek $82 million from chair Bill Pulte and CEO Priscilla Almodovar. Continue reading

If Fannie and Freddie go public, what happens to mortgage rates?

Impact on rates depends on the structure of rumored IPO. Whatever the plan turns out to be, the Trump administration has stacked the boards at the mortgage giants with its supporters. Continue reading

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

Slowing price growth still doesn’t open doors for homebuyers

Home price growth slowed to the lowest level in two years in May. However, market pressures, primarily from elevated mortgage rates, mean buyers are still struggling to afford homes. Continue reading

Will home sales rebound? Closely watched forecasts say, ‘Yes’

Economists at Fannie Mae and the Mortgage Bankers Association differ on how much room mortgage rates have to come down and how fast home price appreciation will cool. Continue reading

Elizabeth Warren calls Pulte out for social media attacks on Powell

In July alone, 114 posts raise “significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,” Senator scolds Fannie, Freddie regulator. Continue reading