Fannie Mae announced operational changes that will pave the way for lenders to opt for use of advanced credit scoring models later this year. This shift potentially allows them to reach and approve an expanded group of borrowers through the use of trended repayment data. The government-sponsored enterprise is preparing its web-based PoolTalk technology and […]
Fannie Mae updating disclosures to pave way for VantageScore Read More »
Affordable housing groups weighing on behalf of underserved communities are advocating for a cautious approach to the government-sponsored enterprise reform the Trump administration is pursuing. “Any changes to the enterprises cannot raise costs on renters and homeowners,” the Underserved Mortgage Markets Coalition said in laying out one of its priorities for reform as administration officials
What underserved market supporters want to see in GSE reform Read More »
The industry’s largest competitors at the National Mortgage News Digital Mortgage Conference Monday in San Diego agreed that it’s crucial to watch tech adoption by their own staff very closely. And despite countless artificial intelligence solutions, lenders say they’re still prioritizing their originators’ human touch with borrowers. Here are a few takeaways from the first
What you missed from day one at Digital Mortgage Read More »