Why Fannie and Freddie still won’t accept more inclusive credit score

FHFA Director Bill Pulte ordered the mortgage giants to start using more inclusive VantageScore 4.0 in July. But adoption is a “complex, technical and arcane” process that could drag into next year. Continue reading

Fannie, Freddie close NY offices as Trump battles Letitia James

The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say. Continue reading

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading

Rocket to inherit Mr. Cooper’s customer satisfaction woes

Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper’s J.D. Power rankings have been subpar for more than a decade. Continue reading

Foreign buyer property purchases in the US rose 33% from last year

Chinese and Canadian buyers make up the largest portion of international buyers. The median purchase price for foreign buyers also hit a new record high at $494,400, according to a National Association of Realtors report. Continue reading

Foreign buyer property purchases in the US rose 33% from last year

Chinese and Canadian buyers make up the largest portion of international buyers. The median purchase price for foreign buyers also hit a new record high at $494,400, according to a National Association of Realtors report. Continue reading

US homeowners far more likely to be equity-rich than underwater

Attom’s 4th quarter U.S. Home Equity & Underwater Report released today also showed that only 1 in 16 mortgaged homes were seriously considered underwater. Continue reading

Are you ready for the real estate transactions of tomorrow?

Joseph Snyder of Lannister Holdings, one of the first companies to facilitate mortgage loans with blockchain technology, talks about blockchain’s place in real estate today and how agents should prepare for tomorrow. Continue reading