Lenders expect confusion if the GSEs haven’t implemented FICO 10T before FHA allows for use of the score in January.

A new study by UI housing researchers shows that VantageScore 4.0 and FICO 10T significantly outperform Classic FICO. 10T also outperforms VS4, but by a much smaller margin.

Congress is going to face a serious reckoning on the federal budget if it wants to stop rising interest rates from crippling its spending capabilities, according to political insiders.

Industry attorneys outlined compliance scenarios tied to joint ventures, marketing service agreements and employee arrangements.

Ahead of the vote, Sen. Elizabeth Warren, D-MA, ranking member of the banking committee, released Johnson’s responses to her Questions for the Record following his nomination hearing in July.

The House Financial Services Committee also advanced a bill aimed at reforming the CFPB’s civil investigative demand process.

An appeals court found that a FedEx service, which Rocket Mortgage used to serve its complaint and summons, failed to comply with civil rules governing service of process.

Industry experts offered a series of examples on the best ways to value and verify services prior to payment.

Lisa Rice, president and CEO of the National Fair Housing Alliance, said states’ approach to enforcement is expected “for the long haul.”

The framework provides state examiners with a tool to identify and understand AI at financial entities, assess associated risks and determine when deeper review may be needed.