Economists find that the ability of fintechs to incorporate alternative data into their underwriting allows them to expand their borrower base while at the same time reducing defaults and delinquencies.

Millions of student loan borrowers are expected to default in the coming months, but the effects could be isolated.

While FHFA Director Bill Pulte had announced that the GSEs would “immediately” begin accepting VantageScore 4.0, FHFA acknowledged this week that implementation will take some time.

Wells Fargo has been accused of charging borrowers improper mortgage fees during the origination process, while loanDepot is alleged to have violated the Truth in Lending Act’s loan originator compensation rule.

The Department of Housing and Urban Development said increased costs would be offset by future savings, but the Mortgage Bankers Association says the numbers are flawed.

A new bill seeks to require FHFA to create a public database of information on all mortgage appraisals. The proposal comes as the Trump administration disbanded the Biden-era task force created to address appraisal bias.

Urban Institute reviewed varying estimates of the national housing shortage and suggested policy solutions to address the shortfall.

Most of the complaint categories saw small moves during the second quarter, but consumer discontent regarding credit reporting stood out. (Includes two data tables.)

The bills seek to scale back activities at the CFPB, including proposals aimed at Section 1071 small business lending data collection.

House Republicans want to put a stop to the CFPB’s “regulation by enforcement” among other efforts aimed at scaling back the Dodd-Frank Act.