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
A coalition of groups has warned that the Trump administration's goals for the mortgage giants will leave up to 177K lower income homebuyers looking elsewhere for a loan
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
Consumer group claims FHFA's plan to pit VantageScore 4.0 against older FICO Classic score on Fannie, Freddie loans will make 'anti-competitive natures of the credit scoring market even worse'
Loopholes in new law mean credit bureaus will still be able to sell applicants' information to their current lender, servicer or bank — a boon for lenders who also service their own loans
Opinion
33K VA loans are currently facing foreclosure. Housing counselor Rachael Hite says agents need to know what is happening to their clients
Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request 'a Pandora’s box the court refuses to open'
Consumer groups are trying to stop the Trump administration from vacating a settlement the government reached with a Chicago mortgage broker days before the November election
Judge puts a temporary hold on DOGE-driven move to fire all but 200 of the Consumer Financial Protection Bureau's 1,700 employees to determine if it could still fulfill its statutory duties
In his 1st act as interim Consumer Financial Protection Bureau director, Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the mortgage industry
PACE lenders object to rule requiring them to evaluate borrowers' ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other financing
Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups
The plan to move to a bi-merge process allowing lenders to use 2, instead of 3, credit reports was announced last October by FHFA, Fannie Mae and Freddie Mac's federal regulator
Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency said Monday
The tenant screener violated the Fair Housing Act for years as it doled out disproportionately low scores to Black and Hispanic rental applicants with housing vouchers, a new federal lawsuit says