While most mortgage industry participants believe the tri-merge limits competition among the three credit reporting companies, some say it’s a critical tool to maintain the credit quality of mortgages.
The Trump administration plans to reduce certain capital requirements to encourage bank involvement in the mortgage market, according to Treasury Secretary Scott Bessent.
Western Alliance Bank and Zions Bancorp disclosed write-offs linked to misrepresentations of collateral backing commercial mortgages. Similar troubles appear unlikely to occur with residential mortgages.
Fitch Ratings revised its rating outlook for Select Portfolio Servicing from negative to stable, citing a new owner for the nonprime servicer and other factors.
A growing number of investors are asking loan sellers to complete pre-close eligibility for non-agency mortgages, according to the third-party review firm.
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