FHFA Director Bill Pulte plans to announce actions that will address the costs associated with credit scores. Mortgage trade groups are providing feedback, hoping to shape the effort.

The effort will start with new multifamily mortgages and could be expanded to single-family mortgages and to Freddie Mac.

MBA is largely happy with changes made so far by the Trump administration. Bob Broeksmit, president and CEO of the MBA, said the administration is creating certainty, clarity and stability for mortgage companies.

The move will have an impact on current mortgage servicing operations, according to industry attorneys.

The federal deficit is putting upward pressure on mortgage rates. Meanwhile, HUD is working to allow new housing to be built on federal land.

VA partial claims bill passes in House; nominee for FHA commissioner expected to have industry experience; Pulte touts big find at Fannie.

The Trump administration last week nominated Jonathan McKernan — who was awaiting Senate confirmation as CFPB director — as undersecretary of domestic finance at the Department of the Treasury.

The CFPB preserved several mortgage-related policy documents, as it undergoes a review of all previously issued guidance items under new leadership.

Among other changes, Fannie and Freddie increased the cap on interested party contributions from $500 to $2,500.

Researchers say that, at any given credit score, the cross-subsidies inherent in GSE pricing favor higher-income borrowers over lower-income borrowers.