Fannie Mae’s new version of DU to focus on credit risks
A new version of Fannie Mae’s Desktop Underwriter arrives in January with a series of changes for evaluating credit risk from borrowers.
Mortgage
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Credit bureaus will push to scale back mortgage trigger leads bill
The passage of the mortgage trigger lead bill as proposed in Congress may face a challenge this week from the consumer reporting industry.
The election is over, but mortgage rates have yet to change course
The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty tied to the election is fading.
VantageScore unveils mortgage resources to ease the transition to 4.0 credit model
In preparation for widespread credit scoring changes, leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 credit model.
Credit data shows: There’s no housing crash coming
The updated New York Fed credit report shows why we won’t see a housing bubble crash anytime soon, despite what your crazy uncle thinks.
Chrissi Rhea, co-founder of Mortgage Investors Group, has died
Chrissi Rhea, co-founder of Mortgage Investors Group and member of the MBA’s board of directors, died on Nov. 8, at the age of 73.
How Rocket Mortgage plans to win in 2025
Rocket Mortgage’s strategy for 2025 includes acquiring more mortgage servicing rights to capitalize on its eye-popping 85% recapture rate.
MMI Fund capital reserve is now 5X larger than required
The MMI Fund continued to operate well above its statutory minimum of 2%, though trade associations want more affordability action.
The trigger lead bill looks in doubt post-election
The post-election landscape has complicated the mortgage industry’s efforts to pass a trigger lead bill. Backup plans are being formulated.
Movement Mortgage names Steve Smith president and CFO
Top retail mortgage lender Movement Mortgage named longtime industry executive Steve Smith its newest president and CFO.