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.

In a high-rate environment, debt service coverage ratios determine the size of an agency refinance. Those loans may not be large enough to cover the inflation-driven debt of many multifamily properties.

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

The sharp decline in home price appreciation makes it possible that lenders’ early-bird loan limits for 2027 will come in above the 2026 conforming loan limits.

UWM will take results from automated underwriting systems for determining borrower eligibility for agency mortgages.

Freddie Mac Executive Vice President and Chief Risk Officer Anil Hinduja left the company last week.

Analysts worry that FHFA’s aggressive policy moves on credit scores are more about saving consumers money than the safety and soundness of the mortgage system.

The FHFA noted that its OIG budget was nine times larger than the average across federal agencies. Critics say the cuts are intended to protect FHFA Director Bill Pulte and President Trump.

Participating financial institutions will now be able to sell manufactured-home and renovation loans through their FHLBank’s MPF Traditional program.

Fannie Mae and Freddie Mac will allow lenders to continue submitting UAD 2.6 appraisal reports through May 19, 2027.