FICO (NYSE: FICO) has announced that its FICO Score 10T predictive credit score for mortgage lending, will be available for use by Federal Housing Administration (FHA)-approved lenders beginning Jan. 1, 2027. “FHA’s announcement provides valuable clarity...
Federal Housing Finance Agency Director Bill Pulte announced the opening of VantageScore to all government-sponsored enterprise (GSE) lenders. “Good News for American Homebuyers!” wrote Pulte on his personal X account. “Effective Today, in the interest of...
For years, the mortgage industry has complained about the rising cost of pulling credit. Those complaints weren’t imaginary. The Mortgage Bankers Association told Congress earlier this year that its members had experienced four consecutive years of significant...
Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), has announced new and planned updates to the credit rating system. In a series of tweets on his personal X account, Pulte took aim at the three major credit bureaus while continuing his...
The 30-year fixed-rate mortgage averaged 6.71% as of Sept. 3, up from last week when it averaged 6.66% and its highest level in over a year. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
