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Bill Pulte

Trump fires Lisa Cook in latest move to pack Federal Reserve with supporters

Bill Pulte, Donald Trump, Federal Reserve, HWmember, Jerome Powell, Mortgage Rates, Politics /

President Donald Trump fired Federal Reserve Governor Lisa Cook Monday evening after calling for her resignation last week over allegations of mortgage fraud. The move further consolidates Trump’s power at the Fed, which has traditionally been an independent organization shielded from overtly political actions. Cook, who was appointee to the seven-member Federal Reserve Board by […]

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The Florida Association of Mortgage Professionals pushes for condo guideline changes

Affordability, Bill Pulte, Fannie Mae, FHFA, Florida, Florida Association of Mortgage Professionals, Freddie Mac, HWmember, Mortgage, Origination, Regulatory /

Florida homebuyers are facing the same affordability challenges that other housing markets are grappling with, but with added regulatory hurdles if they want to buy a condo. The Florida Association of Mortgage Professionals (FAMP), which is hosting its annual convention this week in Orlando, is addressing those challenges head-on, looking to improve the Florida housing market

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Senate bill would add unconverted crypto to mortgage underwriting equation

Bill Pulte, Cryptocurrency, FHFA, GSEs, HWmember, Legislation, Mortgage, Origination, Senate, Technology, U.S. Senate /

A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing

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Tech Pulse: Lawmakers press FHFA on crypto for mortgages

Artificial Intelligence, Bill Pulte, Cryptocurrency, FHFA, HWmember, MLS, Mortgage, northwest mls, Opendoor, Real Estate, Real Estate Agents, Technology /

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Senate Democrats press FHFA on crypto use in mortgages Five Senate Democrats are urging caution as the Federal Housing Finance Agency considers allowing unconverted cryptocurrency in mortgage underwriting.

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Senate Democrats press FHFA on crypto use in mortgages

Bill Pulte, Cryptocurrency, FHFA, HWmember, LendingLife, Mortgage, Origination, Senate, Technology, Underwriting /

Five Senate Democrats are raising concerns about the potential risks of using unconverted cryptocurrency assets in mortgage underwriting, urging the Federal Housing Finance Agency (FHFA) to tread carefully. In a letter addressed to FHFA Director Bill Pulte, the senators reacted to his social media post from late June, in which Pulte said the agency is

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Lawmakers voice support for FHFA’s adoption of VantageScore 4.0

Bill Pulte, Congress, Credit Score, FHFA, FICO, HWmember, Mortgage, Politics, VantageScore /

Nearly two dozen members of Congress recently sent a letter to Bill Pulte, director of the Federal Housing Finance Agency (FHFA), that supports his decision to accept VantageScore 4.0 credit scores for mortgages purchased by Fannie Mae and Freddie Mac. The lawmakers, led by Rep. Mike Flood (R-Neb.), said that the move will help President

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Fired Fannie Mae workers sue over discrimination

Bill Pulte, Discrimination, Fannie Mae, Federal Housing Finance Agency, HWmember, Lawsuit, Legal, Mortgage /

Dozens of former Fannie Mae employees filed a lawsuit this week, alleging discrimination after being abruptly fired in April over donations made through the government-sponsored enterprise’s charitable program.  The lawsuit, filed Monday in the U.S. District Court for the District of Columbia, claims that on April 2, more than 80 employees received an email from

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VantageScore 4.0 is coming. But much work needs to be done

Bill Pulte, Fannie Mae, FHFA, FICO, Freddie Mac, HWmember, LendingLife, Mortgage, Origination, Regulatory, VantageScore /

In the days following the announcement that VantageScore 4.0 was suddenly in play for conventional mortgages, FinLocker‘s Brian Vieaux had to burst some bubbles. Most of the 15 to 20 loan officers he spoke to were ecstatic about being able to use the new credit scoring model. Millions of new prospective borrowers could be scored

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Fidelity National, FHFA to collaborate on ‘innovative title solutions’

Affordability, Bill Pulte, Fannie Mae, FHFA, Fidelity National Financial, HWmember, Mortgage, Partnerships, Title, Title insurance /

Fidelity National Financial (FNF) and the Federal Housing Finance Agency (FHFA) have agreed to collaborate on “innovative title insurance solutions,” news that was first shared on social media by FHFA Director Bill Pulte. “I had great conversations with industry today, including the CEO of Fidelity National Title,” Pulte wrote in a July 11 post on

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FHFA clarifies key VantageScore 4.0 implementation questions

FHFA clarifies key VantageScore 4.0 implementation questions

Bill Pulte, credit report, FHFA, FICO, HWmember, Mortgage, Regulatory, VantageScore /

Mortgage industry professionals had more questions than answers following last week’s bombshell announcement that the government-sponsored enterprises Fannie Mae and Freddie Mac have approved the use of VantageScore 4.0, a new credit scoring model. A week after the initial announcement, Federal Housing Finance Agency (FHFA) Director Bill Pulte answered several key questions. In an FAQ

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