Fannie expects home sales to increase 7% in 2026; 1st Security Bank hires Omeed Salashoor; AD Mortgage debuts jumbo product for luxury homebuyers; MBA said mortgage applications declined the week of Dec. 19.
“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.
The MBA said FHFA should allow lenders to use a single credit report when delivering mortgages to the GSEs if the initial report shows that the borrower has a credit score of 700 or higher.