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
Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over Trump administration's tariff policies is weighing on consumer confidence
Opinion
33K VA loans are currently facing foreclosure. Housing counselor Rachael Hite says agents need to know what is happening to their clients
The report beat analyst expectations by 37K jobs, curtailing hopes of a short-term rate cut in July. Economists say rates will likely stay elevated, keeping homebuyers sidelined
Requests to refinance are up 40% from a year ago, but uncertainty 'continues to hold homebuyers out of the market,' Mortage Bankers Association economist Joel Kan said Wednesday