Gov. Gretchen Whitmer wants to “build, baby, build,” but a bipartisan housing reform package is limping in the legislature. Nonetheless, a single-stair bill outside that comprehensive package has stepped up. The Michigan Senate is now weighing a pair of bills that would allow multifamily buildings up to six stories to be built with a single […]
Michigan’s single-stair reform gains as housing package languishes Read More »
As mortgage underwriting absorbs Buy Now, Pay Later (BNPL) activity, rent payment history and trended credit data, consumers face a new challenge: understanding how everyday financial behavior is being interpreted by increasingly sophisticated scoring systems. Credit modernization is not the problem. In many ways, it is overdue. The lending industry has made a strong case
BNPL, Rent and Trended Data are Reshaping How Borrowers are Judged Read More »
The Federal Housing Finance Agency (FHFA) has proposed replacing its existing Duty to Serve (DTS) regulation with an outcome-based framework that would change how Fannie Mae and Freddie Mac support manufactured housing, affordable housing preservation and rural housing. The proposal, released in a notice of proposed rulemaking on Wednesday, would emphasize chattel loans, broaden how
FHFA pushes GSEs to embrace chattel loans in Duty to Serve proposal Read More »