Trade groups want FHFA to conduct a cost/benefit analysis before implementing the long-awaited shift from Classic FICO to FICO 10 T and VantageScore 4.0.

Lenders can now expect a streamlined feedback certificate and faster identification of rep and warrant relief.

Desktop Underwriter will now automatically populate Underwriting Findings with information from Condo Project Manager.

An OIG report noted that FHFA has been following appropriate procedures when it reviews GSE proposals for employee retention awards.

Aaron Kofsky has joined FHFA’s Division of Housing Mission and Goals.

Most lenders reported significant improvement in servicing profitability that was driven by MSR markups. But results varied greatly on the production side, where lenders that rely on TPO channels fared much better. (Includes data tables.)

Hispanics accounted for 35% of U.S. homeownership growth last year, the largest share of any racial or ethnic group, according to a new report from the National Association of Hispanic Real Estate Professionals.

The decline in retail origination at banks and thrifts came even as overall originations increased slightly from the third to the fourth quarter. (Includes two data tables.)

Better is touting investments in artificial intelligence to help slash costs tied to originating refis. The lender is also building a distributed retail operation to increase production of purchase mortgages.

Many potential homebuyers remain unaware that a mortgage can be obtained without providing a 20% downpayment.