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...
The Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have announced the first major update to their respective credit scoring models in decades. HUD is now enabling the Federal Housing Administration (FHA) to use of...
FICO (NYSE: FICO) announced it has reached an agreement with the Federal Housing Finance Agency (FHFA) for the release of the FICO Score 10T data to the government-sponsored enterprises Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). FICO said the three credit...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
