The proposal, if implemented, will largely benefit a subset of banks that don’t meet HMDA reporting requirements yet do receive at least 50 applications for mortgages per year.

The net share of consumers who think interest rates will decline in the next 12 months was only 2% in September.

By eliminating its bank holding company, Flagstar Bank will drop the Federal Reserve as a regulator.

Home equity lending in 2025 is on track to surpass 2022 as the post-financial crisis peak for production.

Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said it remains to be seen if FICO's move will result in materially lower costs.

One proposal targeted liquidity requirements for the GSEs and the other two proposals involved the Federal Home Loan Banks.

FHFA Director Bill Pulte said credit bureaus and VantageScore should follow FICO and take creative and constructive actions.

In the early years of Fannie/Freddie conservatorship, investors were seeking an explicit guarantee of GSE MBS as part of any reform effort. More recently, they have shown an acceptance for maintaining an implicit guarantee.

Some lenders are consistently avoiding delivering certain GSE-eligible mortgages to Fannie Mae or Freddie Mac.

FHA and the GSEs stressed lending and servicing options for individuals facing an employment furlough.