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Bill Pulte

Mortgage industry welcomes new credit score models, urges further reform

Bill Pulte, Credit Score, FHA, FHFA, FICO, HUD, HWmember, LendingLife, Mortgage, Origination, VantageScore /

The majority of mortgage industry trade groups and professionals reacted in a supportive but pragmatic way following an announcement from federal housing agencies that detailed moves to modernize mortgage underwriting by introducing newer credit scoring models. They largely welcomed the shift while emphasizing that the real test will be in execution and follow-through. The announcement […]

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FHFA launches VantageScore 4.0 pilot; HUD signals FICO 10T for FHA

Bill Pulte, FHA, FHA loan, FHFA, FICO, HUD, HWmember, LendingLife, Mortgage, Origination, Scott Turner, VantageScore /

Federal agencies on Wednesday took steps to bring newer credit scoring models into the mortgage underwriting process, marking a significant shift in how borrower risk is evaluated. U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the adoption of FICO 10T and VantageScore 4.0 for Federal Housing Administration (FHA) loans in the

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Watchdog lawsuit seeks FHFA records tied to Powell subpoenas

Bill Pulte, Federal Reserve, FHFA, HWmember, Jerome Powell, Lawsuit, Legal, Mortgage, Politics, Regulatory /

The Campaign for Accountability (CfA), a nonpartisan watchdog group, has filed a lawsuit against the Federal Housing Finance Agency. The group alleges the FHFA failed to comply with a Freedom of Information Act (FOIA) request that sought access to a report prepared by FHFA Director Bill Pulte about Federal Reserve Chair Jerome Powell. CfA submitted

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Senate Democrats demand GAO investigation into Pulte

Bill Pulte, Democratic Party, FHFA, HWmember, Mortgage, Mortgage Fraud, Politics, Regulatory, Senate, U.S. Senate /

A group of Senate Democrats has asked the Government Accountability Office (GAO) to investigate Federal Housing Finance Agency (FHFA) Director Bill Pulte and other employees over criminal referrals against several public figures as they seek to determine whether federal authority and resources were misused. In a letter sent Monday to Gene Dodaro, the Comptroller General

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Fannie Mae names new head of single family and acting general counsel

Bill Pulte, Fannie Mae, Government Lending, GSEs, HWmember, Mortgage, People Movers, Trump administration /

Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company

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FHFA proposes 2026-2030 strategic plan, signaling shift under Trump administration

Bill Pulte, Fannie Mae, FHFA, Freddie Mac, HWmember, LendingLife, Mortgage, Regulatory, Regulatory Compliance, Trump administration /

The Federal Housing Finance Agency (FHFA) is seeking public feedback on its proposed strategic plan for 2026–2030, the agency announced Wednesday. The document, described as “consistent with its statutory requirements and President Trump’s executive orders,” marks a sharp shift from the Biden-era plan. It introduces new priorities such as fraud detection and deregulation, while scaling

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New York AG Letitia James indicted on mortgage fraud charge

Associated Press, Bill Pulte, Department of Justice, Donald Trump, HWmember, Legal, Mortgage, Mortgage Fraud, Politics /

A federal grand jury indicted Letitia James, the New York attorney general, for bank fraud on Thursday, a person familiar with the matter told The Associated Press. The source, who spoke on the condition of anonymity because they were not authorized to publicly discuss the matter, told the outlet that James was indicted in the

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Pulte says FHFA is terminating equitable housing committee

Bill Pulte, DEI, Fannie Mae, FHFA, Freddie Mac, HWmember, Mortgage, Regulatory /

On Tuesday, Federal Housing Finance Agency (FHFA) Director Bill Pulte took to X to announce the agency’s termination of the advisory committee on affordable, equitable and sustainable housing, also known as ACAESH. “Effective Immediately, U.S. Federal Housing is TERMINATING Biden’s ‘racial equality committee’ which was dishonestly labeled ‘Affordable, Equitable, and Sustainable Housing.’ We are, instead,

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Court rules against Trump, allowing Fed Governor Lisa Cook to vote on rate cuts

Bill Pulte, Federal Reserve, HWmember, Mortgage, Mortgage Fraud, Politics, Regulatory, Trump administration /

A federal appeals court on Monday evening denied a last-minute attempt by President Trump to block Federal Reserve Governor Lisa Cook from participating in the Federal Open Market Committee (FOMC) meeting this week. The U.S. Court of Appeals for the District of Columbia Circuit‘s decision upheld federal Judge Jia Cobb’s order last week that blocked

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Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims

Bill Pulte, Federal Reserve, HWmember, Jerome Powell, Mortgage, Mortgage Fraud, Politics, Regulatory /

Mortgage documents have been at the center of an effort by President Donald Trump to fire Fed Governor Lisa Cook over alleged mortgage fraud, but a loan estimate from 2021, first seen and reported by Reuters on Friday, seems to undermine those allegations. The loan estimate for an Atlanta condo Cook bought in 2021 shows

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