Fannie/Freddie executives say UAD 3.6 extensions were offered in response to industry feedback, with just 10% of current flow using the new data standards.

Inviting the solicitor general to weigh in on federal bank preemption indicates that the high court is considering whether to revisit the matter, according to industry attorneys.

FHFA Director Bill Pulte was expected to announce a shift to the bi-merge at the MBA’s conference this week. He ended up skipping the event to join President Trump on the campaign trail.

The Mortgage Bankers Association said its reform measures could be adopted without new laws.

The flow of refis into agency MBS nearly halved during the third quarter. Purchase-mortgage volume was up 12.5% on a sequential basis; but over the first nine months, it was up only 1.3% year over year. (Includes two data tables.)

Industry participants are split on the pros and cons of allowing lenders to pull scores from just two credit reporting agencies.

Large lenders are flocking to deploy VantageScore 4.0, but others are being more cautious due to shifting GSE guidelines. There’s also uncertainty for investors in MBS and MSRs.

Lenders are offering rate discounts, rate buydowns and lower costs for insurance to help buyers find affordable housing options.

Some industry attorneys are skeptical whether mortgages can be fully AI originated, while still meeting compliance obligations.

Vandad Fartaj will lead capital market initiatives and investment strategies, with an emphasis on mortgage servicing rights.