Mortgage lenders ask for more guidance on VantageScore 4.0

FHFA Director Bill Pulte is reportedly “on thin ice” with several Trump administration officials over lack of communication on new Fannie and Freddie credit score policy. Continue reading

Trump administration expands Fannie Mae title waiver program

Title insurers wanted to put the brakes on a pilot program that uses automated title reviews to allow some homeowners to refinance their mortgage without having to pay for title insurance. Continue reading

New rules for Fannie, Freddie credit scoring are stumping lenders

Mortgage giants allegedly weren’t informed in advance that they’d be required to accept VantageScore 4.0, and lenders have lots of questions about how the new process will work. Continue reading

Fannie, Freddie ordered to accept new VantageScore 4.0 credit score

While questions remain about the new policy, FHFA Director Bill Pulte says lenders must still use “tri-merge” process to obtain scores from all three major credit bureaus. Continue reading

FHFA Director Pulte calls on Congress to investigate Fed Chair Jerome Powell

‘Chairman Powell needs to be investigated by Congress immediately,’ the FHFA director said in a statement on Wednesday. Pulte and President Donald Trump have been trying to pressure Powell to resign amid high interest rates. Continue reading

Fannie and Freddie joint venture will offer its technology to others

Common Securitization Solutions (CSS) has rebranded as U.S. Fin Tech and will look to provide technology and business solutions to companies in addition to its owners. Continue reading

Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices

The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices. Continue reading

Fannie, Freddie regulator issues dozens of orders out of public eye

FHFA Director Bill Pulte tells ‘crypto influencer’ he’s signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public. Continue reading

Home prices climbed in February — but the momentum is cooling

The FHFA HPI and S&P CoreLogic Case-Shiller Indices posted a 3.9% annual increase in February, according to data released Tuesday. While that marks another year of gains, the data shows that price growth has moderated. Continue reading

Democrats question legality of Fannie, Freddie board purges

Less than four days after being confirmed as head of the mortgage giants’ federal regulator, housing scion Bill Pulte fired 14 board members and made himself the chair of both companies. Continue reading