HUD opens probe into Wells Fargo’s race-based mortgage programs
HUD says bank initiatives may violate the Fair Housing Act
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Vishal Garg lays out Better 2.0 plan during shareholder call
Daniel Lewis was removed as interim CEO effective Oct. 5, per an SEC filing
Mortgage Banking Summit: FHFA’s unified LLPA grid for FICO, VantageScore raises investor concerns
Summit participants question how investors will treat VS4-driven MBS pools
UWM’s Mat Ishbia backs VantageScore 4.0, says Underwriting+ results are ‘off the charts’
At last week’s AIME Fuse event, Ishbia also shared his thoughts on UWM’s new Underwriter+ program
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
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