The agency has finally put a date on one of the biggest changes to FHA mortgage credit scoring in decades. Beginning Jan. 1, lenders will be able to use VantageScore 4.0 and FICO Score 10T alongside Classic FICO for eligible FHA loans, but the implementation rules...
Mortgage professionals seeking new access to one of the Federal Housing Administration’s most important technology systems will soon have to prove they are who they say they are—and that will include submitting a selfie. Beginning September 14, new users of FHA...
There is a strange contradiction developing in the mortgage market right now, and I think we need to be careful about how we talk about it. By most broad measures, the mortgage system is still in pretty good shape. There is no national foreclosure crisis, there is no...
There are some lessons the mortgage industry learned the hard way. We learned what happens when loans are made without adequately documenting income. We learned what happens when borrowers are qualified into products they do not understand or cannot reasonably afford....
The union representing employees at the Federal Housing Administration (FHA) is claiming the agency’s workforce could be one of the next targets of the Trump administration’s mass layoffs within the Executive Branch. In an interview with CNBC, Antonio Gaines,...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
