President Donald Trump on Friday announced two executive orders that aim to increase the U.S. housing supply and consumer access to mortgage credit. One of the orders directs various federal agencies — including the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) — to work together on reviewing […]
Trump executive orders target housing supply and mortgage credit Read More »
Anthropic PBC sued the Defense Department for declaring that the artificial intelligence giant posed a risk to the US supply chain, further ramping up a high-stakes dispute with the Pentagon over safeguards on the company’s technology. Processing Content San Francisco-based Anthropic is challenging a decision by the department and other federal agencies like the Federal
Anthropic sues US government over supply chain risk label Read More »
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
Watchdog lawsuit seeks FHFA records tied to Powell subpoenas Read More »
Nonprofits and journalists are suing the Federal Housing Finance Agency to gain access to records on its fraud investigations and enforcement activity. Processing Content The agency is facing four Freedom of Information Act lawsuits, for allegedly ignoring public records requests. While the FHFA has moved to defend itself in those cases, it has also hinted
FHFA sued to release fraud investigation records Read More »
The federal government should step in to prevent an emerging patchwork of state regulations from stifling the benefits of applying the tools of generative artificial intelligence to the mortgage market, writes Leah Price, of the Tinman AI Platform.Adobe Stock The federal government in December took the first steps toward steamrolling any potential bottlenecks that states
AI will ease the home-price crisis, if state lawmakers let it Read More »
The Federal Housing Finance Agency is not making changes to its proposed repeal of the Biden Administration’s Fair Lending, Fair Housing and Equitable Housing Finance Plans regulation it first published for comment in July. Processing Content The rule is also identified as part 1293 and the current version was put into place in April 2024.
FHFA goes ahead with repeal of Biden fair lending rule Read More »
Newly released documents from a Biden-era Freedom of Information Act filing by the Housing Policy Council are reigniting debate over credit score modernization at Fannie Mae and Freddie Mac, showing internal resistance to VantageScore 4.0 and skepticism about using a single credit report. Processing Content HPC highlights two takeaways from the redacted FOIA responses: that
Calls to rethink FHFA credit changes grow with FOIA reveals Read More »
U.S. homeowners who carry mortgages with rates of 6% or more now outnumber those with rates below 3%. This should drive a “meaningful shift in the housing market after years of historically low borrowing costs,” according to a Realtor.com report released Wednesday. The company analyzed residential mortgage data from the Federal Housing Finance Agency (FHFA)
Is the lock-in effect loosening its grip on housing? Realtor.com thinks so Read More »
Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank as President Donald Trump prepares to pick a new Fed chief. Processing Content Some of Trump’s allies were alarmed by the
Bill Pulte seen as key instigator behind Powell subpoena Read More »
At a time when lack of affordability is a major issue for prospective homebuyers, eliminating minimum credit score requirements in GSE automated underwriting may sound like a great idea to expand credit access. However, there’s a reason the GSEs had such requirements in place for decades. They acted as an important override against errors in the analytical
Easing GSE credit score requirements raises risk concerns Read More »