Representatives in Congress called on leadership to remove a provision in the Senate-passed 21st Century ROAD to Housing Act that mandates investors sell single-family build-to-rent housing.
The GSEs will accept VantageScore 4.0 on a pilot basis. FHA will follow at a later date, along with plans for the GSEs and FHA to allow for use of FICO 10T.
The Brokers Action Coalition is proposing to reduce the number of pulls by allowing borrowers to take their credit reports with them when they shop for mortgages.
The Council of FHLBanks signaled strong support for the Trump administration’s recent executive order for a more favorable regulatory environment for community banks.
Craig Trainor, assistant secretary for Fair Housing and Equal Opportunity at HUD, warned fair housing advocates that if they aren't compliant with the law, he would bring an "investigative storm" against them.
The lawsuit alleges that Unison lured Colorado homeowners into high-cost home equity agreements by falsely marketing its product as an interest-free option contract.