If federal regulators were to reduce or do away with loan level pricing adjustments at the government-sponsored enterprises, the effect on borrowers would be modest, but it would reduce earnings at Fannie Mae and Freddie Mac, a Keefe, Bruyette & Woods analysis found. Lower return on equity could put a crimp in privatization plans as […]
KBW says loan level pricing cuts could hurt GSE earnings Read More »
The National Consumer Reporting Association (NCRA) must respond to comments made by Christopher Whalen in a Loan Think piece, Why credit score politics have nothing to do with lending (Oct. 14, 2025). NCRA’s credit report resellers play a critical role in the home loan process, opening doors for consumers to housing. Consumers and others must
NCRA responds to Loan Think column on credit scores Read More »
Seniors’ home equity holdings set a record in the second quarter as property values continue to increase, albeit at a slower pace than earlier this year. However, given the ongoing government shutdown, endorsements of Home Equity Conversion Mortgages, the Federal Housing Administration product which makes up the bulk of reverse mortgage lending, are on hold.
Senior home equity holdings rise to record level Read More »
The typical down payment made by home purchasers during the third quarter increased by $500 over the previous fiscal period, with the average share remaining near 14.4% of the price, Realtor.com said. Compared to last year’s third quarter, the dollar amount of $30,400 was down by $100. While it is normal for the down payment
Down payment percentages stay elevated due to higher prices Read More »
A credit reporting agency on Monday morning responded to an industry proposal to look into ending the tri-merge with a study finding it even more harmful to borrowers than a two-score pull. Although an earlier Standard & Poor’s study found a bi-merge alternative to the status quo in the mortgage industry could be viable, TransUnion
TransUnion study pushes back on single-score concept Read More »
TransUnion is the latest company to make a move in the credit score war between VantageScore and Fair Isaac Corp.’s FICO score, following partners Experian and Equifax. Transunion will offer VantageScore 4.0, a credit scoring model, for $4 in 2026. Experian will provide it for free to its clients indefinitely and Equifax will charge $4.50
TransUnion to offer VantageScore 4.0 at discount Read More »
Consumers who opt to purchase a home in January, one of the months with the lowest share of sales, could save over $23,000 on their buy versus May, one of the busiest, a LendingTree study found. In 2024, January had the lowest share of sales at 6.3%, while May had the most at 9.9%; although
When is the best time to buy a home? January. Here’s why Read More »
Figure on Wednesday launched an AI-powered platform for debt-service-coverage ratio (DSCR) loans, expanding its blockchain-based capital marketplace into one of the fastest-growing segments of housing finance. A release from the company confirmed that West Capital Lending and Axen Mortgage are among Figure’s first partners to embed its DSCR product. The platform allows investors to qualify
Figure debuts AI-powered platform for DSCR loans Read More »
Figure Technology Solutions has introduced a new platform for debt-service coverage ratio originations aimed to support growth of nonqualified mortgages as well as the company’s own blockchain-based marketplace. The fintech’s lending platform aims to provide quicker access to capital for real estate investors, utilizing artificial intelligence and blockchain technologies to streamline underwriting and funding for
Figure unveils new DSCR lending platform Read More »
Mortgage fraud risk ended the second quarter at its highest level in over three years as issues related to undisclosed real estate debt and transaction misrepresentations had significant annual increases, according to Cotality. When compared with the first quarter, the Cotality Mortgage Application Fraud Risk Index rose by 1.4%, while jumping by 6.1% compared to
Mortgage fraud risk rising as housing market struggles Read More »