UAD 3.6, a sweeping overhaul of how residential appraisals are reported to Fannie Mae and Freddie Mac, becomes available to all lenders on Jan. 26. The rollout comes even as many lenders are still sorting out what the change will mean for their appraisal workflows, systems and timelines. Processing Content The new standard replaces UAD […]
UAD 3.6 is live, but many lenders aren’t ready Read More »
In the mortgage industry, the initial reaction to President Donald Trump’s proposal to cap credit card interest rates at 10% has been concern that the policy could ultimately backfire on would-be homebuyers. The cap might seem beneficial on paper, but the long-term consequences, including reduced credit availability, could outweigh the benefits, mortgage professionals told HousingWire.
Mortgage pros warn credit card rate cap could backfire on homebuyers Read More »
Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirements without liquidation. The updates are aimed at real estate investors who hold digital assets
Newfi Lending expands DSCR program to accept crypto reserves Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now In a December 2025 letter to Federal Housing Finance Agency Director Bill Pulte, the Mortgage Bankers Association noted that “the current GSE requirement to obtain a report from each of the three credit
Why the tri-merge credit mandate is hard to defend Read More »
Delaware-based fintech company Prudent AI on Wednesday announced the launch of Prudent AI Upfront Income, a tool that it calls the mortgage industry’s “first universal income platform designed to calculate qualified income for any loan type in a single tool with same-day certainty.” The company explained in a press release that mortgage lenders can use
Prudent AI launches same-day mortgage income calculator Read More »
News of Pres. Trump’s upcoming remarks on housing at the World Economic Forum in Davos, Switzerland have stirred fresh speculation about the future of Fannie Mae and Freddie Mac, even as analysts say major policy shifts remain uncertain. Processing Content An exit from conservatorship for the government-sponsored enterprises is not expected to be part of
What Trump might say about housing during Davos meeting Read More »
As President Trump talks up ambitious housing initiatives at the World Economic Forum this week, a new Fannie Mae video ad circulating on social media, which features an AI-generated version of his voice, has a message for banks. Processing Content The AI voiceover in the ad, which was pinned to housing official Bill Pulte’s X
Trump administration ad hints at actions to widen credit box Read More »
While the fourth quarter’s mortgage fraud risk rate fell 55 basis points from the prior three months, loans submitted during the period had a record average issues per transaction, the Fundingshield Wire Fraud Risk Report found. Processing Content The last three months of 2025 was a period where a near 9% increase in volume from
Record defects plague mortgage closings as fraud risk dips Read More »
Mortgage rate-lock activity ended the year on a strong note in spite of seasonal trends, new industry data found. Processing Content Optimal Blue’s latest Market Advantage report showed total lock volume increased 2% from November and finished 30% higher than last December. The boost was driven primarily by rate-and-term refinances, which rose 13% on a
Lock activity increases in December, defying seasonal trends Read More »
The average credit card user carries a balance of nearly $6,000, as Americans hold more debt than ever, a new industry report found. Processing Content Americans bear a record $1.21 trillion in credit card debt, as the median interest rate hit 25.3%, according to Academy Bank’s latest white paper. The trend could affect home loan
Card debt hits record amount as providers charge high rates Read More »