High MSR prices are prompting some potential buyers to sit out. Prices are being propped up by limited supply and declining servicing costs as big firms invest in technology.
Special attorney at DOJ to examine allegations of mortgage fraud; Trump nominates chairman of Council of Economic Advisors for position at Fed; impact of slowdown in home price appreciation.
FICO CEO William Lansing argued that, by allowing lenders to pick between Classic FICO and VantageScore 4.0, FHFA may be creating a race to the bottom when it comes to the quality of credit scores.