Tag Archives: mortgage bankers association

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 →

Mortgage rate woes undercut June new home sales

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Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6 percent annually. Experts attributed the drop to mortgage rates as the primary cause. Continue reading →

Higher rates aren’t stopping homebuyers from bargain hunting

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Purchase loan requests are up 3 percent from a week ago and 22 percent from last year even as mortgage rates climb to highest level in four weeks, Mortgage Bankers Association survey shows. Continue reading →

Mr. Cooper is ‘firing on all cylinders’ going into merger with Rocket

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CEO Jay Bray says the loan servicing giant intends to “hit the ground running” when it merges with Rocket Companies later this year after turning a $198 million Q2 profit. 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 →

Mortgage lenders ask for more guidance on VantageScore 4.0

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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 →

Gatekeeping, portal wars, ‘Armageddon’: Inman’s Top 5

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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 →

Homebuyers rushed to lenders last week as mortgage rates dipped

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Rates are on the rebound again as investors weigh a strong June jobs report and the Trump administration’s threats to impose new tariffs in August. Continue reading →

New rules for Fannie, Freddie credit scoring are stumping lenders

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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 →