Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims
The loan estimate for an Atlanta condo Cook bought in 2021 shows that Cook declared the property a “vacation home,” not a primary residence.
Bill Pulte
Auto Added by WPeMatico
The Florida Association of Mortgage Professionals pushes for condo guideline changes
The Florida Association of Mortgage Professionals (FAMP) is addressing housing affordability challenges head-on.
Senate bill would add unconverted crypto to mortgage underwriting equation
The 21st Century Mortgage Act directs Fannie Mae and Freddie Mac to account for digital assets without requiring conversion to U.S. dollars.
Tech Pulse: Lawmakers press FHFA on crypto for mortgages
Senators urging caution as the FHFA weighs unconverted cryptocurrency in mortgage underwriting is among this week’s top tech stories.
Senate Democrats press FHFA on crypto use in mortgages
Five Senate Democrats are raising concerns about the potential risks of using unconverted cryptocurrency assets in mortgage underwriting, urging the Federal Housing Finance Agency (FHFA) to tread carefully.
Fired Fannie Mae workers sue over discrimination
Dozens of former Fannie Mae employees filed a lawsuit this week, alleging discrimination after being abruptly fired in April over donations made through the government-sponsored enterprise’s charitable program.
VantageScore 4.0 is coming. But much work needs to be done
Mortgage technology firms, credit reporting bureaus, resellers and the GSEs are feverishly working to get VantageScore 4.0 off the ground.
FHFA clarifies key VantageScore 4.0 implementation questions
A week after the initial announcement, FHFA Director Bill Pulte answered several key questions about the implementation of VantageScore 4.0.
Westcor joins Fannie Mae title waiver pilot
The pilot, relaunched by Fannie Mae in March 2024, allows approved mortgage lenders to use an automated title review process.
Armando Falcon on the FHFA’s move toward crypto mortgages
Armando Falcon, chairman and CEO of Falcon Capital Advisors, shares how the GSEs can be prudent in piloting the use of crypto in mortgages.