FHFA and HUD Introduce New Credit Score Models for Mortgages
Federal agencies have initiated changes to incorporate newer credit scoring models in mortgage underwriting, enhancing borrower risk assessment methodologies.
Report Reveals 65% of Homebuyers Consider First Purchase as Permanent Residence
Discover insights on how many first-time buyers perceive their homes as long-term investments, reflecting shifting trends in the housing market.
New York State Experiences Decline in Home Sales Amid Rising Prices
Housing inventory in New York has decreased, impacting market dynamics as home sales slow and prices rise. Discover insights for private lenders.
Real Estate and Title Professionals: Key Players in Combating Fraud
Quick reporting and preservation of evidence are crucial in addressing schemes that caused $275 million in losses, protecting private lenders from future risks.
Hawaii Residents Allocate the Largest Share of Income to Housing Costs
Iowa leads in low housing cost burden, while Hawaii residents allocate the highest income percentage to housing. Explore the full findings and implications.
Home-Sale Agreement Cancellations Rise to 13.4% in March
San Antonio experienced the highest rate of early home purchase agreement terminations among major metros, highlighting challenges in the current housing market.
Mortgage Industry Embraces New Credit Score Models and Calls for More Reform
Mortgage groups express support for HUD and FHFA's FICO 10T and VantageScore 4.0 plans, seeking clarity on timelines, pricing, and implementation guidance.
HomeServices Enters Tuccori Settlement While Batton Discovery Is Stayed
Federal judge halts discovery in Batton case while denying interim lead counsel as NAR's Tuccori settlement approaches review, impacting lender strategies.
NAMB and Chenoa Fund Collaborate to Enhance Down Payment Assistance Accessibility
NAMB partners with Chenoa Fund to enhance mortgage brokers' access to down payment assistance tools and training, fostering improved lending opportunities.
Mortgage Rankings Highlight Three Influential Loan Officers in the Broker Channel
Discover insights from brokers Brian Cooke, Vipul Hapani, and Thuan Nguyen on their success strategies that led them to the top of HousingWire’s rankings.