Splitero joins the Coalition for Home Equity Partnership board; American Association of Private Lenders implements background checks for incoming members.
FHFA Director Bill Pulte said 21 large lenders will roll out the new score with the GSEs, though all lenders are eligible. FHA also plans to accept VantageScore and FICO 10T.
The final rule eliminating disparate impact from enforcement of the Equal Credit Opportunity Act was issued as it was proposed in November, despite more than 64,000 comments on the proposal.
The trade group called for the CFPB to implement regulatory reforms across the board so that all sizes of lenders can see lower costs and boost mortgage access.
The relatively level trajectory for interest rates presents an opportunity for more lenders to offer non-agency products, according to non-agency boosters.