FHFA Director Bill Pulte says he plans to meet with the big builders individually to find ways for them to accelerate their production. Industry insiders say it will be hard for the GSEs to impact homebuilding.
Although behind the scenes conversations between the Trump administration and mortgage industry players have made some observers more optimistic about GSE reform, plenty of critics remain unconvinced.
The new option allows tri-merge resellers to calculate and deliver FICO scores directly to customers, bypassing the big credit bureaus. Experian countered with a move involving VantageScore 4.0.
The agency is appealing a jury verdict awarded to GSE shareholders for losses related to the net worth sweep. FHFA is also facing a lawsuit tied to an untimely response to a FOIA request.
While the trade group still submits formal comment letters, sometimes faster action is needed, such as a text from MBA President and CEO Bob Broeksmit to an administration official.
Attorneys representing those accused of mortgage fraud by FHFA Director Bill Pulte are calling for an investigation into what they say is abuse of his office.
Experts say financial incentives and public indifference contribute to the prevalence of occupancy fraud, but that the difficulty of proving intent limits prosecutions.