First Horizon sells $4.5B mortgage portfolio at discount
Bank is moving to align its mortgage production more closely with core relationship clients
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Fannie Mae slashes 2027 mortgage forecast amid higher rates
Refinance activity takes the brunt of the revision
GSEs target income and occupancy to cut buyback risk
Mortgage giants are deploying tech to flag occupancy risk and income defects upfront
HUD eyes 203(k) renovation changes to boost housing supply
Recent draw changes and a potential review of consultant requirements signal a refocus on the product
MBA forecast: Mortgage volume to dip below $2T in 2027 as 7% rates linger
Trade group projected higher-for-longer borrowing costs, wider spreads and potential Fed hikes ahead
TransUnion, Equifax debut ‘score later’ tools for mortgage lenders
New workflows let lenders pull credit files without scores and add them later
FICO to cut 15% of staff, reduce management layers
The move comes as regulators and large lenders are embracing 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
Gateway First Bank to acquire Colonial Savings
The transaction is expected to close in the first quarter of 2027
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