CrossCountry says borrowers are saving an average of $2,500 with VantageScore 4.0
Company cites a 62-bps average LLPA reduction in the first 60 days after scores improved
FHFA
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Analysts cast FICO’s $10 mortgage pricing as defensive volume play
Preferred Program locks in FICO pulls at $10 per score as industry shifts to multiscore framework
Mortgage industry reacts to Pulte’s absence at MBA Annual
MBA said 3,700 attendees still gathered in Chicago as FHFA director cited travel tied to housing funds
CHLA backs Pulte plan for GSE credit score disclosures
Letter to FHFA says the added data could improve MBS transparency and reduce recurring credit score cost increases
FHFA says Fannie, Freddie will use one LLPA grid for FICO and VantageScore
Change follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month
New credit score pricing grids point to higher borrower costs, report shows
Analyses indicate the newly released pricing grids could make loans more expensive with VS 4.0
Pulte says FHFA weighing bi-merge, single credit report
FHFA opens door to VantageScore for all lenders
CHLA wants IMBs to be eligible for FHLBank membership
Group warns against expanded mortgage purchases while urging modernized membership and annual lending reviews
AD Mortgage flags condo reserve rules in FHFA letter
AD Mortgage launched a policy initiative and urged FHFA to watch condo rule changes, noting 30% of projects reviewed fell below 15% reserves.
FHFA pushes GSEs to embrace chattel loans in Duty to Serve proposal
The FHFA has proposed replacing its existing Duty to Serve regulation with an outcome-based framework that would change how Fannie Mae and Freddie Mac support manufactured housing, affordable housing preservation and rural housing.