HUD watchdog finds $4.3M in improper payments at 3 housing authorities.
HUD OIG audits found $4.3M+ in improper housing-assistance payments across major city housing authorities; flags for underwriting and portfolio risk signs.
FICO to cut 15% of workforce and streamline management layers.
Private lenders should revise underwriting and pricing as regulators and large banks adopt competing credit-score models shifting risk and market dynamics.
Fannie Mae: Home prices up 3.4% year over year as growth accelerates.
Home prices climbed 3.40%, with seasonally adjusted gains of 0.90% from the prior period; implications for private lenders' pricing, underwriting and risk.
Mortgage applications decline 4.2% as 30-year rate rises to 7.49%.
Refinance activity eased, down 8% week-over-week and 56% year-over-year, signaling tightening refinancing demand and potential opportunity for private lenders..
Vishal Garg outlines Better 2.0 strategy in shareholder call.
A corporate disclosure indicates that Daniel Lewis has been removed as interim CEO of the issuer, with an SEC filing confirming the leadership change and noting an effective transition point. The public filing offers limited detail on the circumstances, leaving open whether the action [...]
CRMLS takes action against Compass; will other MLSs follow?
Industry leaders are responding as CRMLS seeks to stop Compass from pursuing a court challenge to MLS rules, framing the dispute as a broader contest over who controls listing governance and data access. The clash highlights core tensions between large platform-style brokerages and traditional [...]
UWM adopts dual-score model and auto-selects optimal result.
Mortgage lenders are shifting to pulling both FICO and VantageScore on every credit inquiry, a move designed to broaden the informational foundation for underwriting and pricing decisions. Capturing dual scores exposes model divergences that can materially influence eligibility and risk tiering, enabling underwriters and [...]
Warren says FHFA obstructs GAO probe into Pulte’s mortgage-fraud referrals.
Sen. Warren alleges FHFA is withholding GAO-requested records in probe of Director Bill Pulte's mortgage-fraud referrals; FHFA disputes obstruction. Probe?
Cold call cost-per-deal benchmarks omit key calculations.
Evaluate lead programs by cost per closed loan rather than salary or dialer fees; focus on acquisition efficiency, conversion rates and true cost-to-close.
Wealthfront enters the Washington mortgage market.
The digital lender’s assertion that its mortgage rates run about 50 basis points below the national average positions the firm as a potential price disruptor in a competitive origination market. If broadly applicable, that spread could produce meaningful monthly payment savings for borrowers and [...]