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FHA Sets Lowest-Score Rule for Multiple Credit Models Ahead of January 1 Shift

FHA Sets Lowest-Score Rule for Multiple Credit Models Ahead of January 1 Shift

by John G. Stevens | Oct 9, 2026 | Current News & Events, Industry Updates, Mortgage Information

The Federal Housing Administration has rewritten how lenders determine the controlling credit score on an FHA loan when more than one scoring model is submitted, settling a consequential underwriting question ahead of the agency’s January 1 transition to...
Redfin’s Housing Affordability Scenarios Stretch From 2029 to Beyond 2036

Redfin’s Housing Affordability Scenarios Stretch From 2029 to Beyond 2036

by John G. Stevens | Oct 9, 2026 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market

Redfin has put dates on the housing market’s affordability problem, but the most important feature of its new analysis is how far apart those dates are. Under one set of assumptions, the typical mortgage payment could return to its pre-pandemic share of...
Homeowner Equity Hits $230,000 as Fed Survey Finds Rising Household Debt Stress

Homeowner Equity Hits $230,000 as Fed Survey Finds Rising Household Debt Stress

by John G. Stevens | Oct 9, 2026 | Current News & Events, Mortgage Information, U.S. Housing Market

American homeowners held more housing equity in 2025 than three years earlier, but a growing share of U.S. families were struggling to keep up with debt payments, according to a Federal Reserve survey released Friday. The median net value of a home among homeowners...
PLACE Agrees to Buy Ardley, Adding Borrower Retention to Mortgage Tech Buying Spree

PLACE Agrees to Buy Ardley, Adding Borrower Retention to Mortgage Tech Buying Spree

by John G. Stevens | Oct 9, 2026 | Current News & Events, Industry Updates, Mortgage Information

PLACE has announced an agreement to acquire Ardley, the mortgage technology company whose software helps lenders identify refinancing and additional borrowing opportunities among their existing customers. The financial terms were not disclosed.The October 9...
Trump Orders November 5 Hearing in New Effort to Remove Fed Governor Lisa Cook

Trump Orders November 5 Hearing in New Effort to Remove Fed Governor Lisa Cook

by John G. Stevens | Oct 9, 2026 | Current News & Events, Mortgage Information

President Donald Trump has established a White House committee to examine allegations that Federal Reserve Governor Lisa Cook made false statements in mortgage documents, opening a formal inquiry that could lead to another attempt to remove her from the central...
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