2+ day, 21+ hour ago   (1149+ words) Overview bullets generated by AI with editorial review. Now that the Federal Housing Finance Agency has put VantageScore on a level playing field with FICO classic and may greenlight alternatives to the traditional tri-merge credit report, lenders' options appear to…...

1+ week, 6+ day ago   (860+ words) The Federal Housing Finance Agency's latest credit modernization moves mean loans originated only with newer credit scores could also show up in the private market, where Standard & Poor's analysts say they're ready for both VantageScore 4.0 and FICO 10T. S&P found…...

1+ mon, 1+ day ago   (768+ words) Banks are re-entering the second-lien securitization market as rates keep rising, and that means nondepositories in the space will need to manage expenses and further diversify if they want to compete. While nonbanks have helped rebuild a growing market for…...

1+ mon, 1+ day ago   (858+ words) Secondary market demand, particularly from insurers, is showing mortgage originators they have a strong outlet for non-agency loan production. Insurance companies purchased $17 billion of non-agency mortgage-backed securities in the second quarter, with the largest amount going to non-qualified issuance, the…...

3+ mon, 1+ week ago   (414+ words) OceanFirst Financial and asset manager 400 Capital Management are promoting a strategy that offers a variation on credit-linked notes regional banks have increasingly used as a means of obtaining mortgage capital relief in the U.S. market. The companies applied the structure, which…...

3+ mon, 2+ week ago   (922+ words) California mortgage lender Lendwise Mortgage claims it has evidence a competitor its suing is responsible for submitting false fraud reports, and used the government as a weapon to retaliate against it. Lendwise argued the motion should be denied because the…...

3+ mon, 2+ week ago   (408+ words) The share of homeowners late by 60 or more days decreased to 0.81% at the end of the first quarter, according to a Federal Housing Finance Agency report released last week. The FHFA completed 58,317 prevention actions, up from the previous quarter's 55,028. The…...

3+ mon, 2+ week ago   (618+ words) Mortgage delinquencies rose monthly and annually in May, but it's not a cause for concern, according to a new industry report. The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, Intercontinental Exchange's latest first…...

4+ mon, 4+ week ago   (538+ words) A lot of the debate regarding credit score modernization has focused on the actions of, and comparisons between FICO and VantageScore. Representatives of both were on a panel on the topic at the Mortgage Bankers Association's Secondary and Capital Markets…...

5+ mon, 2+ day ago   (843+ words) Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a seasonal decrease in credit card balances due in part to tax refunds. Housing finance obligations rose, driving total debt up…...