FHFA’s IG told members of Congress that the planned budget cuts would require the IG to wind down its operations and cut nearly its entire staff.

FICO launched a direct license program a year ago but adoption has been hindered by lack of approval from FHFA for use by the government-sponsored enterprises.

The average contract rate for a 30-year fixed-rate conforming mortgage jumped by 18 basis points in a week, to 7.30% as of Sept, 25, according to the Mortgage Bankers Association.

The planned implementation date has long been Nov. 2 but the government-sponsored enterprises pushed it to May 19, 2027.

Holdings declined by 2.8% during the second quarter of 2026.

Invictus was the sixth-largest issuer of non-agency MBS in the first half of 2026, with $11.27 billion in issuance, according to Inside Nonconforming Markets.

“Credit bureaus need to focus on themselves and their costs, and compete,” wrote FHFA Director Bill Pulte. “Not credit scoring. Stay tuned. A lot will be happening in this sector.”

Fannie Mae and Freddie Mac will use the same LLPA pricing grid for both VantageScore 4.0 and Classic FICO, eliminating the 20-point haircut they were applying to VS4 loans.

The GSEs’ share of servicing topped out at 50.4% in March 2022 and has declined each quarter since then, through June 2026.

Annually, home prices were up 2.6% in July, according to FHFA.