For the first time, the government-sponsored enterprises have published historical credit score data for the FICO 10T model. They have also released additional data for VantageScore 4.0. Processing Content The initial historical data release for VantageScore 4.0 was in July 2024. Historical data from these newer scores help mortgage industry players to better gauge their […]
Fannie, Freddie release FICO 10T historical data Read More »
Linkhome Holdings, an artificial intelligence-powered real estate and fintech company, is leveraging a recent acquisition to launch a new graphics processing unit financing business. Processing Content The company completed the purchase of 100% of the equity interests of Mortgage One Group, marking a step in its push into AI financing. In that, Linkhome used Mortgage
Linkhome buys mortgage lender to finance AI chip business Read More »
Financial institutions that the Office of the Comptroller of the Currency regulates made headway processing modifications of first-lien homes on 1-4 family homes in the first quarter, reporting a significant rise in completions. Processing Content The number of loan mods completed during the first quarter rose 7.1% from 5,888 to 6,308, partially reversing a decline
Bank loan mods rise 7.1% as FHA, VA rules shift Read More »