Federal legislation banning traditional mortgage trigger leads has cleared the Senate and is likely to be signed into law in the coming weeks. When that happens, lenders will lose a familiar — and often crowded — way to identify borrowers after a credit pull. For some, that will feel like losing a trusted tool overnight. […]
With trigger leads going away, lenders who prepare will win Read More »
Luke Sharrett/Bloomberg The ongoing tariff-impacted rise of material and service prices, alongside challenging credit conditions, are a double whammy hitting residential construction, according to analysis from the National Association of Home Builders. Prices for goods and services used in residential construction came in 2.8% higher in July on an annual basis, marking the largest increase
Homebuilders encounter credit, supply cost headwinds Read More »
Andrew Harrer/Bloomberg Two consumer groups are urging Federal Housing Finance Agency Director William J. Pulte to abandon his directive that Fannie Mae and Freddie Mac explore counting cryptocurrency holdings as reserves in single-family mortgage underwriting. In a letter sent Thursday, the Consumer Federation of America and the National Consumer Law Center said the move, which
Consumer groups urge FHFA not to mix crypto with mortgages Read More »