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.

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

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

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.

FHFA directed Fannie Mae and Freddie Mac to resume the MBS buying spree that President Trump requested in January.