Although tensions between the FHFA and its OIG are high, the IG team continues to crank out examinations and audits, including four released this week.

The agency confirmed that its policy related to disputed appraisals complies with 21st ROAD to Housing Act requirements.

Bill Pulte’s claim about home prices; Sagent taps Bon Salle as chair; Fannie NPL sale.

Pivot Financial CEO Jennifer McGuinness-Lubbert noted that even though the Federal Housing Finance Agency is treating the scoring models similarly for determining loan-level price adjustments with the GSEs, the secondary market has already seen the pricing grids that Fannie Mae and Freddie Mac developed for VS4.

MBS purchase levels at Fannie Mae and Freddie Mac continue to disappoint lenders looking for help with interest rates, though prospects look better for September reporting.

The third-party analytics models used by bond traders now accept VantageScore 4.0 loans, but their methodologies were designed before the confusion around loan-level price adjustment grids.

Critics argue that applying the same LLPA pricing grids to VS4 and Classic FICO will camouflage, but not eliminate, the added credit risk associated with the typically higher VS4 score.

There will soon be five separate credit scores applicable to mortgages, with varied ranges and outputs. (Includes data table.)

Fannie Mae and Freddie Mac will use the same LLPA pricing grid for both VantageScore 4.0 and Classic FICO, eliminating the 20-point haircut they were applying to VS4 loans.

The most obvious difference in scoring models is that the GSEs’ scores are on entirely different scales.