FHFA Director Bill Pulte cited massive price hikes on FICO scores in recent years as the reason for making VS4 widely available through the GSEs.

The deal is being issued with Redwood’s Sequoia shelf name and continues the numbering convention seen with prior issuance from Redwood.

“Market sentiment was leaning toward a rate hike at the next Fed meeting, but this could give the Fed pause in hiking rates as they look to convene this month,” said Cody Echols, a capital markets technology advisor at Mortgage Capital Trading.

FHFA director Bill Pulte expressed frustration that the credit bureaus haven’t sufficiently engaged in reform talks with FHFA, accusing them of “cartel-like” behavior.

Vishal Garg issued a press release Wednesday, calling himself the “true” CEO of Better Home and Finance.

After getting close to 4.80% Tuesday, the 10-year Treasury rate declined somewhat Wednesday.

The 60-basis-point discount on agency products is long term and available to all brokers.

Ishbia said it’s unlikely that changes to LLPAs will be “massive” or across the board.

Applications were essentially unchanged on a weekly basis last week even as interest rates ticked up.

Four partnerships with undisclosed companies generated less than $50,000 in cumulative revenue.