FICO’s new program draws mixed reviews from mortgage market
Fair Isaac Corp.’s (FICO) decision to let resellers calculate and distribute its scores directly to lenders drew a mixed response from the mortgage industry.
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FICO bypasses credit bureaus with new program for mortgage lenders
Fair Isaac Corp. (FICO) has launched a program allowing tri-merge resellers to calculate and distribute its scores directly to mortgage companies.
Fannie and Freddie waive some loan requirements amid shutdown
Government agencies and enterprises issued guidance on Wednesday for mortgage operations and servicing during the current government shutdown.
Record senior home equity is fueling demand for new solutions for older American homeowners
Older American homeowners hold substantial home equity, built over decades of steady ownership. With refinances scarce and mortgage rates still elevated, that stockpile has become the most durable growth story in housing finance—and one of the most practical ways to help older households manage expenses, preserve independence and stay in their homes.
CrossCountry Mortgage raises conforming loan limit to $819,000
CrossCountry Mortgage raises its conforming loan limit to $819,000, ahead of FHFA’s 2026 limits, to empower prospective homebuyers.
Compass-Anywhere deal brings $9B mortgage JVs under one roof
Industry leaders see the Compass–Anywhere merger as simplifying the mortgage side of the business, which includes Guaranteed Rate Affinity and OriginPoint.
Groundfloor Lending expands leadership team
The recent appointments of Patrick Donoghue as vice president and general manager, Kendall Bazan as vice president of revenue, and Andrew Hurd as vice president of risk mark the next chapter for Groundfloor Lending as it matures into a standalone brand under the Groundfloor umbrella.
How will lenders recalibrate as Fed signals path to lower rates?
Mortgage lenders are recalibrating ahead of the Federal Reserve’s anticipated monetary easing cycle, rolling out rate promotions, streamlining operations and broadening product menus.
Union Home Mortgage acquires assets of Sierra Pacific Mortgage: sources
Ohio-based Union Home Mortgage Corp. (UHM) has reached an agreement to acquire assets of California-based Sierra Pacific Mortgage Co., sources told HousingWire.
Non-QM lender Griffin Funding unveils AI-driven underwriting platform
The tool pulls hundreds of pages of program guidelines into a single system and uses AI to deliver answers to loan qualification questions.