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Trade Groups Protest Yet Another FICO Price Increase

November 15, 2024
Dennis Hollier
Industry trade groups noted that the increase comes on top of a 400% price hike over the past two years. They also argued that the credit re-porting bureaus will inevitably add additional price hikes.
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Partial Ruling for Freddie in Insurance Lawsuit

November 15, 2024
Dennis Hollier
Freddie Mac failed to win a complete summary judgment against an insurer who declined to pay claims related to a 2008 SEC investigation. The judge’s ruling makes it more likely the case goes to trial and discovery.
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Fannie and Freddie Tweak Requirements for Appraisal Reporting

November 15, 2024
Dennis Hollier
Appraisers will now have to cite the market analysis they used to support their overall market trend assumptions.
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GSEs, FHLBanks Expand Mortgage Credit on Tribal Lands

November 15, 2024
Dennis Hollier
The GSEs hope FHLBanks can raise awareness of their programs to improve access to mortgage credit for Native Americans.
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FHFA Appoints Nahrwold as Deputy Director of DER

November 15, 2024
Dennis Hollier
Victoria Nahrwold, a 25-year NCUA veteran, is now heading FHFA’s Division of Enterprise Regulation.
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Fannie Mae Appoints Stowell as Board Member

November 15, 2024
Dennis Hollier
Scott Stowell, who serves on the board of homebuilding giant Toll Brothers, is now a member of the Fannie Mae board.
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Freddie Expands Repurchase Alternative Pilot to All

November 1, 2024
Dennis Hollier
In a busy week at the Mortgage Bankers Association’s annual conference, Freddie Mac rolled out an expansion of its repurchase alternative pilot. Officials also defended the closed-end second-lien pilot.
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Lenders Anxious as Credit Score Changes Loom

November 1, 2024
Dennis Hollier
The far-reaching impacts of shifting from Classic FICO to a combination of FICO 10 T and VantageScore 4.0 have lenders worried about customer relations and fair lending problems.
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Lenders, Advocacy Groups Disagree on GSE Housing Goals

November 1, 2024
Dennis Hollier
Housing advocates say weaker goals don’t give the GSEs enough incentive to support underserved communities; lenders say they give needed leeway when markets are unpredictable.
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FHLB San Francisco Expands Access for CDFIs

November 1, 2024
Dennis Hollier
The FHLBank is extending the terms and reducing the haircut on collateral pledged by non-depository CDFIs and state-chartered HFAs (which technically aren’t even members).
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