The retail channel accounted for 53.7% of originations in the second quarter.

FHA plans to begin accepting VantageScore 4.0 and FICO 10T credit scoring models on Jan. 1.

The trade group seeks industry comment on a plan to centralize data on the loans collateralizing both agency mortgage-backed securities and non-agency MBS.

“Next week’s [Fed] meeting will be key, as the inflation and economic outlook will help shape the path of rates and homebuyer demand,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

CrossCountry Mortgage and Rocket Mortgage raised the loan limit they'll accept for conforming mortgages by 1.5% ahead of an anticipated increase in conforming loan limits in the new year.

Fannie Mae and Freddie Mac are essentially subtracting 20 points from a VS4 score, then applying the Classic FICO LLPAs to the loan.

"The last two weeks of August were among the worst we have seen for housing in years," said Kaz Nejatian, CEO of Opendoor.

The GSEs will disclose scores from FICO and VantageScore for their mortgage-backed securities, credit risk transfer transactions and other securitization activity.

Some 1.5 million homes were listed for sale as of the end of August.

The effort aims to “address crucial workplace and mission needs by eliminating redundancies, streamlining and increasing flexibility in work processes and consolidating administrative functions.”