As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says
Like New York AG Letitia James, senator denies lying on mortgage applications and decries 'baseless attempt at political retribution' that won’t stop him from holding Trump accountable
Flex Listings provide a functioning model that restores transparency, preserves cooperation, and gives sellers and buyers control, clarity and access, Eric Bramlett writes
A signed agreement doesn't hold a buyer hostage; it’s a tool that explains your duties and obligations to them. Broker Holly Brink tells you how to position it with confidence and clarity
Central bank refutes allegations by Trump administration officials that a headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics
FHFA Director Bill Pulte is reportedly 'on thin ice' with several Trump administration officials over lack of communication on new Fannie Mae and Freddie Mac credit score policy
OMB Director Russell Vought put accusations that Federal Reserve Chair Jerome Powell lied to Congress about a $2.5B renovation of the Fed's headquarters in writing Thursday
Opinion
Chris Kelly, president and CEO of HomeServices of America, asks whether decisions being made today are strengthening or weakening real estate pros' role in the homeownership journey
Mortgage giants allegedly weren't informed in advance that they'd be required to accept VantageScore 4.0, and lenders have lots of questions about how the new process will work
While questions remain about details of the new policy, FHFA Director Bill Pulte says mortgage lenders must still use 'tri-merge' process to obtain scores from all 3 major credit bureaus
Opinion
33K VA loans are currently facing foreclosure. Housing counselor Rachael Hite says agents need to know what is happening to their clients
Many brokerages have used joint ventures to enter mortgage, title, insurance or property management verticals, Phillip Cantrell writes, increasing profitability and client retention
Bill Pulte made his pitch in a statement on Wednesday. The FHFA director and President Donald Trump have been trying to pressure Powell to resign amid high interest rates
Housing trade groups — including NAR, MBA and NAHB — like tax breaks for homebuyers and businesses, and urge lawmakers to put the bill on Trump's desk
Recission of a dozen regulatory policies aimed at 'slashing red tape that drives up costs and shuts families out of the market' is effective immediately, HUD Secretary Scott Turner said