The American Bankers Association noted that while the 1995 CRA framework isn’t perfect, it’s more workable than the final rule issued in 2023.

Industry stakeholders puzzle over the implications of the Trump administration’s plans for a quick public offering of the GSEs.

Industry executives believe artificial intelligence can improve risk management and help reduce insurance premiums and property taxes.

The Trump administration is reducing regulation of nonbank lenders, leaving the task to state regulators.

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.

The Mortgage Bankers Association and other groups supported the wide-ranging bill which is aimed at housing affordability. MBA, though, raised some concerns about appraisal reforms included in the package.

New credit score data, such as rent payment history and bank account cash flows, may benefit some mortgage borrowers, but the new elements could also cause some problems.

The Federal Reserve and Treasury Department are on a path to reducing capital requirements for banks, large and small. The motivation includes the shift seen in mortgage lending toward nonbanks following the 2008 crisis.

While FHFA Director Bill Pulte had announced that the GSEs would “immediately” begin accepting VantageScore 4.0, FHFA acknowledged this week that implementation will take some time.

A new bill seeks to require FHFA to create a public database of information on all mortgage appraisals. The proposal comes as the Trump administration disbanded the Biden-era task force created to address appraisal bias.