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
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
Price softening continues to spread from the Sunbelt into the Western U.S. and the inventory of homes for sale is growing at an accelerating pace, ICE Mortgage Technology reports. Continue reading
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading
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
As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading
Head of Fannie Mae and Freddie Mac’s federal regulator says mortgage giants should consider what risk mitigation might be required when counting mortgage borrowers’ crypto holdings as an asset, “including adjustments for market volatility.” Continue reading
Overseas investors hold about $1.36 trillion in U.S. mortgage debt, with Japan, China, Taiwan and Canada accounting for 61 percent of that total. Continue reading
Nation’s largest lender reboots 1 percent down loans that cover up to $7,000 of the homebuyer’s down payment when financing a purchase backed by Fannie Mae or Freddie Mac. Continue reading