Fannie Mae and Freddie Mac are moving toward a single mortgage pricing grid that will incorporate VantageScore alongside Classic FICO, the latest step in a rapid overhaul of the credit-score system underpinning much of the U.S. mortgage market. Federal Housing Finance...
The 10-year Treasury yield surged as high as 5.27% Monday, extending a bond-market selloff that is putting renewed upward pressure on mortgage rates and further tightening affordability for homebuyers. The benchmark yield pulled back to about 5.23% late Monday, up...
Rocket Mortgage plans to make VantageScore 4.0 its preferred credit scoring model for eligible direct-to-consumer mortgages during the fourth quarter, moving one of the nation’s largest mortgage operations from testing the model to making it the default where loan...
Utah state Rep. Trevor Lee resigned from the Legislature Monday after prosecutors charged him with mortgage fraud and alleged that false employment and income documents were used to obtain financing for his newly built home. The criminal case, filed by the Utah...
A federal judge has sentenced Gilberto Barron to seven years and 10 months in prison for participating in a sprawling California real estate fraud scheme that prosecutors said generated more than $10 million in illicit proceeds. The U.S. Attorney’s Office for...
Huntington Commits $1 Million to Atlanta Homeownership and Anti-Displacemen…
