Tag Archives: FHFA

Let mortgage lenders pull one credit score, trade group says

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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

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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?

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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

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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 →

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

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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

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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 →

Outside lawyers, WSJ editorial board urge Trump not to fire Powell

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Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading →

Backers of rival mortgage credit scores wage public relations war

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As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. In the meantime, mortgage giants are stuck with FICO Classic. Continue reading →

Fannie Mae and Freddie Mac are not accepting VantageScore 4.0

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Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says. Continue reading →

Trump adminstration accuses another political opponent of mortgage fraud: Adam Schiff

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Like Leticia James, Sen. Adam Schiff denies lying on mortgage applications and decries “baseless attempt at political retribution” that won’t stop him from holding Trump accountable. Continue reading →