Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.
The MBA is taking its concerns about rising costs for obtaining credit scores to the Federal Housing Finance Agency, the Consumer Financial Protection Bureau and the Federal Trade Commission, among other entities.
At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are reformulating their Social Index to make it more attractive to investors while still protecting the privacy of borrowers.
The government-sponsored enterprise said it has identified a significant number of fraudulent appraisals tied to mortgages originated between 2021 and 2023.