ABA, associations: More data needed from Fannie, Freddie credit score model
Associations requested additional data elements for the industry to begin the necessary analysis to transition to the new credit score...
Mortgage
Financial Stability Oversight Council raises concerns about nonbank mortgage servicing
In a new report on the nonbank mortgage servicing industry, the Financial Stability Oversight Council said that a patchwork of...
Mortgage rates fall
The rate for a 30-year fixed-rate mortgage averaged 7.09% this week, down from last week when it averaged 7.22%.
New York Fed: Public expects home prices to rise at rapid rate
U.S. households expect home prices to increase 5.1% over the next 12 months, up from an expected 2.6% increase at...
HUD warns against discrimination in AI-powered housing advertisements
The Department of Housing and Urban Development released new guidance warning that the use of artificial intelligence in tenant screenings...
Housing agencies release new requirements to reduce appraisal bias
Both FHA and FHFA announced new policies that will allow borrowers to challenge property appraisals if they believe the appraisals...
Home prices rose in February
Home prices increased 6.4% in February compared to the same month a year ago, up from a 6% rise the...
FHFA issues fair lending final rule
The Federal Housing Finance Agency issued a final rule to codify many of its existing practices and programs regarding fair...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage averaged 7.17% this week, up from last week when it averaged 7.1%.
CFPB releases supervisory highlights on mortgage servicing
The CFPB released a supervisory highlights report covering key findings and supervisory actions in mortgage servicing.
