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.
Mortgage
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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.
PennyMac, the top dog in correspondent, says its broker business is booming
PennyMac said that over 5,100 brokers are approved to do business with the lender, up 19% year over year.
Californians report unraveling mortgage relief after the fires
Amid foreclosure and balloon payment chaos, July 7 officially marked the end of the FHA moratorium on foreclosures and evictions
Tech Pulse: Realtor.com acquires Zenlist; Zillow unveils new tools
Tech Pulse is HousingWire‘s weekly series rounding up the latest in technology — including tools, integrations and trends.
Judge dismisses Maryland appraisal discrimination case and defamation countersuit
A federal judge in Maryland has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit.
Logan Finance promotes Dave Weatherford to TPO executive role
Weatherford, who joined Logan Finance at the tail end of 2023, is now tasked with supporting cross-channel production initiatives
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.