Doma claims Upfront Title can saves borrowers 40% to 70% on title insurance and that in a trial run with Mr. Cooper the solution cut loan cycles by 3 days and saved borrowers hundreds of dollars
Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, 'The Wall Street Journal' editorial board warns
As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment
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
Inflation moved away from the Fed's 2% target for the second month in a row, with the cost of goods and services rising 2.7% from a year ago, up from 2.3% in April: Bureau of Labor Statistics
Like New York AG Letitia James, senator denies lying on mortgage applications and decries 'baseless attempt at political retribution' that won’t stop him from holding Trump accountable
Central bank refutes allegations by Trump administration officials that a headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics
FHFA Director Bill Pulte is reportedly 'on thin ice' with several Trump administration officials over lack of communication on new Fannie Mae and Freddie Mac credit score policy
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
OMB Director Russell Vought put accusations that Federal Reserve Chair Jerome Powell lied to Congress about a $2.5B renovation of the Fed's headquarters in writing Thursday
Rates are on the rebound again as investors weigh how Federal Reserve policymakers will view a strong June jobs report and the Trump administration's threats to impose new tariffs in August
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
When buyers plan and have the right people on their side, mortgage expert Phil Crescenzo Jr. writes, they can stay in control, and the rest becomes a lot less stressful
While questions remain about details of the new policy, FHFA Director Bill Pulte says mortgage lenders must still use 'tri-merge' process to obtain scores from all 3 major credit bureaus
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