Fed hikes rates, with analysts seeing more tightening ahead
Fed raises benchmark rate to 3.75% to 4% range in response to high inflation and solid employment
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DSCR loans are booming amid fragmented underwriting standards
After rampant fraud in Baltimore made headlines, underwriting guidelines and elevated fraud risks have the market on high alert
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
Better continues leadership shake-up as Chad Smith, Barry Feierstein move on
David Parrish is promoted, with COOs Smith and Feierstein stepping down amid financial and C-suite turmoil
Pulte says FHFA weighing bi-merge, single credit report
FHFA opens door to VantageScore for all lenders
Vishal Garg lays out Better turnaround plan amid battle with board
Better’s special committee has called for shareholders to reject Garg’s consent solicitation and support the board’s current strategy
eXp ends mortgage JV with Kind Lending, eyes Newrez deal
Success Lending will wind down as eXp targets launch with Newrez
FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level
As Kortas and Casa make peace, AIME is back in the mix
NEXA says it will cover AIME memberships for about 4,100 loan officers as Casa seeks a role as membership director
loanDepot receives NYSE notice over sub-$1 share price
NYSE gives the nonbank lender six months to lift its share price