According to experts, there are still many impediments to implementing the new VantageScore 4.0 credit score. And some claim the new score is no better than the existing Classic FICO.
Borrowers have a right to request a reconsideration of value if they feel an error has been made by the appraiser. But it’s not an open-ended process; they can only initiate one ROV for each appraisal report.
An Ohio court found that Freddie’s rosy statements in 2007 about its exposure to subprime and Alt A loans weren’t misleading, in part, because there was no universal definition of those terms at the time.
PennyMac Financial Services partnered with Vesta Innovations to adopt the firm’s loan origination system and streamline the mortgage application process in the consumer direct channel. The move includes an investment in Vesta.
Repurchases and indemnifications increased by more than 30% on a sequential basis during the second quarter. Through the first six months of the year, buyback activity was essentially level compared with the first half of 2024. (Includes data table.)
Rising PTI ratios for credit cards, home equity lines of credit and student loans were most positively correlated with future mortgage delinquencies, according to new research from TransUnion.
A growing share of homeowners are more concerned about increasing flood insurance premiums than actual flood damage to their properties, according to new research by the CFPB.
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