FHA formalizes use of alternative credit scoring models
FHA published a mortgagee letter to formalize the use of VantageScore 4.0 and FICO Score 10T alongside Classic FICO to ...
Tag: HUD
ABA, associations urge housing agencies to seek uniformity in appraisal modernization
As they seek to implement appraisal modernization legislation passed by Congress, the most efficient approach for federal housing agencies would ...
FHA proposes changes to single-family housing minimum property requirements
The Federal Housing Administration proposed to “modernize and strengthen” its minimum property requirements for single-family housing by aligning them with ...
ABA urges FHA to revise RAP demonstration before launch
ABA expressed support for FHA's proposed voluntary Reinstatement Advance Payment, or RAP, demonstration, but also offered several recommendations to ensure ...
ABA, associations: FHA minimum property requirements hurt access to affordable mortgages
The Federal Housing Administration should align its minimum property requirements with those used by Fannie Mae and Freddie Mac, which ...
Government watchdog agency suggests changes to FDIC supervision, HUD disaster recovery
The FDIC should take further steps to strengthen its bank supervision, and HUD should take steps to mitigate fraud in ...
Trump administration proposes new grantmaking rules for federal agencies
The Trump administration is proposing new rules to govern grantmaking by federal agencies, including the Treasury Department, Small Business Administration ...
HUD to keep tri-merge credit report requirement for FHA loans
The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and ...
HUD official discusses changes to Fair Housing Act enforcement
The Trump administration is committed to pursuing only cases of intentional discrimination in enforcement of the Fair Housing Act, which ...
HUD, FHFA roll out plans for new credit scoring in mortgages
HUD will adopt FICO 10T and VantageScore 4.0 for FHA loans. Fannie Mae and Freddie Mac will begin using VantageScore 4.0 immediately and the ...
