The FHFA issued a new rule that potentially paves the way for new competitors to the classic FICO model. VantageScore is happy but will other vendors jump into the credit scoring pool?
Fitch: “As long as Fannie and Freddie remain in conservatorship and continue to be supported by the substantial funding under the PSPA, their ratings will continue to be linked to the U.S. sovereign rating."
Francois Grunenwald, Ocwen's new SVP and CAO, is a graduate of the University of Paris. His signing bonus (just for taking the job) is $100,000. He joins the nation’s 12th largest servicer from PricewaterhouseCoopers…
Two questions – one about language preference and another about homeownership education and housing counseling – will be removed from the GSE application.
Fannie and Freddie reported lower combined comprehensive income in the second quarter compared with a year ago. While net interest income and non-interest income declined, expenses shot up.
The successful launch of the single security — more than $9.5 trillion in UMBS has traded through the end of July — may pave the way for broader housing-finance reform, according to researchers at the Urban Institute.