Apply Online
Schedule a Call

Credit

How top mortgage execs are contending with 2026’s challenges

How top mortgage execs are contending with 2026’s challenges

Capital markets, Credit, Mortgage Rates, Secondary markets, Servicing /

From left: Michael Lau, Bayview Asset Management; Michael Patterson, Freedom Mortgage; and Jay Plum, Fifth Third Bank Inflation is creating lending hurdles related to consumer spending and rates this year, as could another move the Fed’s eyeing; but lenders will have some coping mechanisms, industry leaders said Tuesday. Processing Content One thing to watch out […]

How top mortgage execs are contending with 2026’s challenges Read More »

Household debt at a high, risks lurk beneath stable arrears

Credit, Distressed, Servicing /

Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a seasonal decrease in credit card balances due in part to tax refunds. Processing Content Housing finance obligations rose, driving total debt up by $18 billion to $18.8 trillion during the period, according to an analysis

Household debt at a high, risks lurk beneath stable arrears Read More »

K-shaped economy amplifies rise in nonprime DTI ratios

Credit, Mortgages, Servicing, Underwriting /

Total debt-to-income ratios have risen beyond prepandemic levels and the trend is particularly pronounced for nonprime in the current K-shaped economy, according to a new TransUnion study. Processing Content While DTIs are below caps in the 28/36 rule corresponding to some mortgage lenders’ front- and back-end ratio limits, the increases — along with higher utilization

K-shaped economy amplifies rise in nonprime DTI ratios Read More »

Lenders test new Fannie Mae, Freddie Mac, FHA scores

Lenders test new Fannie Mae, Freddie Mac, FHA scores

Credit, Credit scores, Mortgages, Secondary markets /

Lenders are drawing up new game plans, or preparing to, now that Fannie Mae, Freddie Mac and the Housing and Urban Development have committed to adding modernized credit scores as alternatives to Classic FICO. Processing Content NewRez, a division of Rithm Capital, completed a test sale of $10 million in loans to Freddie Mac using

Lenders test new Fannie Mae, Freddie Mac, FHA scores Read More »

MBA renews press for limited single report as scores compete

MBA renews press for limited single report as scores compete

Credit, Secondary markets, Servicing, Underwriting /

Now that there are formal government-sponsored enterprise guidelines for score modernization that help fulfill a legislative mandate, the Mortgage Bankers Association’s top executive has a plan he calls a safe way for the secondary market to make the purchase of credit reports more competitive too. Processing Content With the two large mortgage buyers starting to

MBA renews press for limited single report as scores compete Read More »

Lawmakers spar over GSE credit score modernization plans

Lawmakers spar over GSE credit score modernization plans

Credit, Mortgages, Politics and policy, Secondary markets, Servicing, Underwriting /

Government-sponsored enterprise plans for legislatively-mandated credit score modernization drew mixed opinions Thursday as lawmakers held a House Financial Services Committee hearing on broader consumer data rules. Processing Content Dan Smith, president and CEO of the Consumer Data Industry Association, backed the idea of adding VantageScore at the GSEs to compete with FICO Classic, which has

Lawmakers spar over GSE credit score modernization plans Read More »

ICBA outlines wins, concerns in housing policy push

ICBA outlines wins, concerns in housing policy push

Credit, Politics and policy, Secondary markets /

The Independent Community Bankers of America have seen some promising developments in federal mortgage proposals but they have concerns about some plans for policy too. Processing Content From recent congressional bills to government-sponsored enterprise reform and capital rules, ICBA Senior Vice President Ron Haynie shared thoughts on which pending policies could benefit or challenge members,

ICBA outlines wins, concerns in housing policy push Read More »

Mortgage credit costs jumped 10x in 4 years: CHLA

Credit, Mortgages, Originations, Secondary markets /

A community lenders group is pressing for more competition in GSE credit scoring and reporting, and a new report backs the push, quantifying recent price hikes and warning that more are coming.   Processing Content Credit metric costs have gone from a range of $150 to $250 for a conventional loan in April 2024 to an

Mortgage credit costs jumped 10x in 4 years: CHLA Read More »

Consumer debt accelerates in December, fueled by mortgages

Credit, Distressed, Economy, Servicing /

Consumer debt accelerated in December, driven by substantial growth in first mortgage and home equity lines of credit balances, a new industry report showed. Processing Content Total consumer debt in the United States reached $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax’s fourth quarter consumer

Consumer debt accelerates in December, fueled by mortgages Read More »

TransUnion sees mortgage market normalizing

Credit, Distressed, Economy, Originations, Servicing, TransUnion /

Consumers are reengaging with the mortgage market, signaling a return to normality in 2026, TransUnion said. Processing Content Mortgage originations rose 6.5% year over year to 1.3 million in the third quarter of last year, but at the same time, the percentage of borrowers 60 or more days delinquent increased to 1.51% in the fourth

TransUnion sees mortgage market normalizing Read More »