FHFA nearing deal to use new FICO credit scoring model for mortgages
The Federal Housing Finance Agency is currently reviewing a possible deal with FICO to implement the FICO 10T credit scoring...
Mortgage
ABA DataBank: Mortgage rate discounts not helping new home sales
Homebuilders continue to face weak demand despite offering attractive mortgage rates, indicating that lower interest rates alone won’t revive the...
Mortgage rates tick up, remain near 2025 lows
The rate for a 30-year fixed-rate mortgage was 6.22% this week, up from 6.17% last week. The rate for a...
ABA offers recommendations for improving FHFA mission
ABA submitted a list of banker recommendations for the FHFA to include in its proposed strategic plan, including suggestions concerning...
Fed survey: Lending standards tightened for commercial loans in Q3
During the third quarter, banks reported tighter lending standards for commercial and industrial loans to firms of all sizes and...
Mortgage rates slip
The rate for a 30-year fixed-rate mortgage was 6.17% this week. The rate for a 15-year fixed-rate mortgage was 5.41%.
Pending home sales held steady in September
Pending home sales were unchanged in September from the prior month, the National Association of Realtors said. Year over year,...
FHFA report: House prices rose 2.3% in past year
The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values...
Growth in home prices slowed in August
Home prices increased 1.5% in August compared to the same month a year ago, down from a 1.4% rise the...
Divergence defines Q2 lending landscape
The July 2025 Senior Loan Officer Opinion Survey highlights a bifurcated lending market.
