Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.” …
Posts published in “mortgage credit”
Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates…
Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they’d…
Release of historical credit scores on tens of millions of loans will help lenders prepare for transition to VantageScore 4.0 next year. Release of FICO…
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023…
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage…
More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage…
Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013. …
Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent. Source: Inman News
Credit bureaus have “little incentive to treat consumers fairly when their credit reports have errors,” according to the Consumer Financial Protection Bureau, which analyzed 700K…