Sen. Raphael Warnock, D–Ga., introduced legislation Thursday to address what he called “systemic bias” in the home appraisal process. The proposal comes just one week after the Trump administration disbanded a Biden-era task force that had been focused on addressing racial bias in the housing system. The bill, called the Appraisal Modernization Act, would require […]
Appraisal bill introduced to counter HUD’s PAVE repeal Read More »
An Indiana loan officer faces a dozen felony counts after being accused of altering borrower information while working as an originator for two different lenders. State officials filed charges against Laura Mickler in Delaware County circuit court, located in the Central Indiana town of Muncie, in early July. She faces four felony counts each of
Former mortgage loan officer faces fraud, forgery counts Read More »
Even if conforming mortgage lenders were ready to adopt VantageScore 4.0 tomorrow, several industry players warn that infrastructure and policy alignment are still lacking — and that the road to implementation could be longer and bumpier than it seems. For example, they need to be certain the private mortgage insurers are capable of providing coverage
FHFA’s Vantagescore move changes math on mortgage insurance Read More »