The mortgage giant has introduced new valuation options as it moves away from the policy that “appraisal is a default requirement.”

Deciding whether the GSEs should use FICO or VantageScore or both turned out to be the easy part. The hard part is going to be the multiyear process of figuring out how to use the scores together.

FHFA plans to host nine roundtable discussions and a three-day listening session as part of its review of the Federal Home Loan Banks.

In a sign of how much business declined at Fannie and Freddie last year, their contributions to the two affordable housing programs are off 50% from 2022.

Sonu Mittal, who joins the enterprise from the C-suite at Citizens, will be a member of Freddie’s senior operating committee.

A handful of homebuilder mortgage-banking operations helped improve an otherwise dreary fourth quarter for nonbank lenders. However, four companies have not posted year-end results. (Includes data chart.)

A mild recession is in the making for mid-2023 and the country is still woefully behind on housing supply, according to the MBA’s chief economist.

Servicing portfolios are available for purchase, including both government and conventional product. However, the market is waiting on news whether Home Point will continue to unload more of its holdings.

Climate change means future hurricanes will be more severe and have a more northerly track, changing the geography of loss risk for lenders and insurers alike.

Mortgage industry stakeholders discuss housing affordability issues at recent ICE conference.