Contracts, Invoices & Legal

If Experian eventually charges for VantageScore 4.0, it will be offered for at least a 50% discount compared to what Fair Isaac Corp. charges for its FICO score. View the full article

Legal experts say the outcome of Slaughter v. The President, which considers The President's termination of a Federal Trade Commission member, could have profound implications for Federal Reserve Governor Lisa Cook's litigation, which in turn could determine the future autonomy of the central bank. View the full article

The government conservatorship of Fannie Mae and Freddie Mac wasn't meant to last forever, but releasing the companies is complicated and should involve a diffident Congress, housing policy experts said during a Federal Reserve Bank of Atlanta housing panel. View the full article

The Consumer Financial Protection Bureau's complaint portal has been flooded in recent years, but corporate debt collectors, industry attorneys and consumer advocates question whether the bureau's efforts to reduce the volume will help consumers as much as it helps the firms they're complaining about. View the full article

Allegations of gender discrimination and improper loan origination practices against LoanDepot were dismissed on Feb. 7. View the full article

What makes the situation alarming is the government attack on the fair lending enforcement infrastructure, said Lisa Rice of the National Fair Housing Alliance. View the full article

FICO's claims about its 10T score highlight how its monopoly has stifled innovation and raised costs for homebuyers, according to the CHLA's Rob Zimmer. View the full article

The mortgage lender will also conduct its own independent audit to determine if any further instances of unlicensed activity occurred after 2022. View the full article

Dubbed Fairway Home Insurance Agency, the new business is the latest to emerge from agreements struck between mortgage lenders and The Baldwin Group brokerage. View the full article

The credit card will provide borrowers points for making their normal monthly mortgage loan payments and for the purchase of home products and services. View the full article

The two organizations announced the Certified Home Equity Advisor credential, which will help financial professionals integrate home equity in retirement plans. View the full article

Mortgage loan application volume jumped 7.1% on a seasonally-adjusted basis last week, the Mortgage Bankers Association said. View the full article

Michael Burry, the money manager made famous in The Big Short, believes a re-listing of the US housing-finance giants is "nearly upon us." View the full article

The government-sponsored enterprise removed a limit on adjustable-rate mortgages, and added flexibilities for repair, manufactured home and ADU financing. View the full article

Fannie Mae set aside $752 million for credit losses in its apartment complex lending business in part because of fraud or suspected fraud, denting profits amid an industrywide scrutiny of borrowers. View the full article

Fannie Mae increased its mortgage volume and home sales predictions, but that comes from cutting its forecasts for U.S. gross domestic product growth in 2025. View the full article

The potential impacts of import tariffs cloud the outlook, though, and could lead mortgage rates to surge and fall throughout the coming year. View the full article

A $24 billion single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results. View the full article

In an update to its seller and servicer guide, Fannie Mae laid out details on responsibilities for vendor oversight and the need for transparent AI policy. View the full article

The government-sponsored enterprise is under fire from dozens of the more than 100 workers it fired last spring for allegedly committing fraud. View the full article

Adjustments related to higher credit risk weights for new acquisitions and rate shifts offset increases in the government-sponsored enterprise's core earnings. View the full article

The head of the government-sponsored enterprise's oversight agency said the cuts were made to positions that weren't central to mortgages and new home sales. View the full article

The GSE accused four companies of trademark infringement, alleging they misrepresented to consumers that their products received its endorsement. View the full article

In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately. View the full article

Malloy Evans and Danielle McCoy are moving on as both Williamson and Tom Klein, deputy general counsel, take on their respective responsibilities for now. View the full article