Tag Archives: freddie mac

Truv aims to grow mortgage client base with new integrations

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More lenders can access Truv’s income and employment verification services following recent integrations with Dark Matter Technologies, Freddie Mac and nCino. Continue reading →

Strength in home prices helped boost Fannie, Freddie 2023 profits

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With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift. Continue reading →

New credit scores from FICO, VantageScore gaining traction

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Lenders won’t be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers. Continue reading →

Mortgage giants offering very low income homebuyers a spring break

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Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading →

David Stevens, influential leader in mortgage finance, dies at 66

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The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association. Continue reading →

Fannie and Freddie 2024 loan limits upped to $766,550 in most areas

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Surge in Q3 home price appreciation pushes conforming loan limit in high-cost markets to $1,149,825 for one-unit properties, and up to $2,211,600 for four-unit properties. Continue reading →

VantageScore: New scoring model could qualify 4.9M extra borrowers

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Company puts heat on regulators to stick to 2025 timetable for requiring lenders to use VantageScore 4.0 to evaluate borrowers, saying delays could impact “creditworthy people of color.” Continue reading →

FHA will consider rent from ADUs when qualifying borrowers

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Policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership. Continue reading →

TransUnion knocks plan to let lenders use 2 credit reports

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The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie’s federal regulator. Continue reading →

More lenders raise their conforming loan limit to $750K

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Following Rocket’s lead, UWM and Guaranteed Rate say they’ll price mortgages of up to $750,000 as if they’re eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases. Continue reading →