The American Enterprise Institute estimates 64% of homes sold by the largest homebuilders provide permanent mortgage rate buydowns, which often don't count as seller concessions
FHFA Director Bill Pulte says his agency is reviewing a deal with Fair Isaac to allow lenders to use the more inclusive FICO Score 10 T when selling loans to Fannie Mae and Freddie Mac
The Trump administration says it's also looking at assumable mortgages and 'ways to give relief' on 5- and 10-year loans, after mortgage experts pan 50-year mortgages as bad deal for borrowers
FHFA Director Bill Pulte ordered the mortgage giants to start using VantageScore 4.0 in July. But adoption is a 'complex, technical and arcane' process that could drag into next year
FHFA acting Inspector General John "Joe" Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering
In her first public speech since President Trump’s attempt to remove her, the economist says she expects a 'one-time increase' in prices, with inflation trending back toward the 2% target
A dozen officials in Fannie Mae's ethics and internal investigations unit were among 62 people fired on Thursday, 'The Wall Street Journal' reports, citing anonymous sources
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers
James' attorneys will argue that she is a victim of vindictive prosecution and that Lindsey Halligan, the lone U.S. attorney who signed her indictment, was appointed illegally
Fannie Mae CEO Priscilla Almodovar was replaced on an interim basis by COO Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup
Equitable housing and climate change risk are out, deregulation and combating fraud are in. The strategic plan sheds little light on president's bid to spur homebuilders into action.
Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score for conforming loans
James calls allegations over $109,600 mortgage baseless retribution and a 'continuation of the president’s desperate weaponization of our justice system'
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
Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac's new direct license pricing as a useful first step, but said more reforms and competition are needed