Because VantageScore 4.0 typically yields higher credit scores than Classic FICO, it’s possible lenders will choose VantageScore, leading to higher scores and lower LLPA revenues.
The FHFA released its first strategic plan under the auspices of Director Bill Pulte. The plan reveals some differing priorities compared with the FHFA under the Biden administration.
FHFA Director Bill Pulte says he plans to meet with the big builders individually to find ways for them to accelerate their production. Industry insiders say it will be hard for the GSEs to impact homebuilding.
Although behind the scenes conversations between the Trump administration and mortgage industry players have made some observers more optimistic about GSE reform, plenty of critics remain unconvinced.
OIG auditors identify critical weaknesses in the security of FHFA’s public-facing websites and inadequate coordination between the agency, the Federal Home Loan Banks and federal financial regulators.
Under Director Pulte, FHFA has withdrawn proposed rules affecting enterprise liquidity requirements and the unsecured credit limits and boards of directors of the FHLBank System.
Industry analysts at a discussion hosted by the Bipartisan Policy Center detailed numerous complications involved in ending the conservatorships of Fannie Mae and Freddie Mac.
The GSEs will modify reporting forms in November to allow underwriting based on VantageScore 4.0. Meanwhile, the MBA is working on a proposal that calls for dropping the tri-merge scoring process for certain borrowers.
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