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...
There are borrowers in America who can responsibly repay a mortgage and still do not fit neatly into the underwriting box we built for them. Anyone who has spent time in mortgage lending has seen this. A self-employed business owner may have substantial cash flow but...
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....
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
