Seniors aren’t keeping up with their credit card debt. Reverse mortgages can help
As credit card and HELOC balances grow, reverse mortgages and their voluntary payment structures should be considered
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Vishal Garg regains control of Better’s board after receiving 52% shareholder support
A majority of shareholders backed the removal of five directors, including interim CEO Daniel Lewis, with Better finalizing his successor
Freddie Mac reshuffles risk leadership as Hinduja exits, Glessner steps in
Anil Hinduja’s employment with Freddie Mac ended Oct. 1
Pennymac deploys VantageScore 4.0 across all production channels
The move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models
FHFA set to order Fannie, Freddie to accept two-bureau credit reports
The requirement is expected to take effect one to three months after it is announced, per Bloomberg
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
Garg says Better board will honor results once consent vote is confirmed
Garg says the consent solicitation topped 50% and could remove five directors, with a third-party inspector reviewing results
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
Archwest Capital closes $300M rated RTL securitization
Deal is backed by 218 loans, plus a $98.5M accumulation account and a two-year revolving structure
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