Pennymac deploys VantageScore 4.0 across all production channels
The move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models
The move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models
The requirement is expected to take effect one to three months after it is announced, per Bloomberg
Summit participants question how investors will treat VS4-driven MBS pools
FHFA claims the OIG sought 16% of the agency’s budget versus a 2% federal average
Top Democratic lawmakers are calling on Federal Housing Finance Agency (FHFA) Director Bill Pulte to resign after the agency cut funding for its inspector general, a move they say could effectively shut down the independent watchdog.
Letter to FHFA says the added data could improve MBS transparency and reduce recurring credit score cost increases
Change follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month
The FHFA's increased MBS purchases could stabilize mortgage rates, potentially easing housing affordability and influencing market dynamics.
Pennymac set a $850,000 one-unit cap, while UWM raised its one-unit limit to $847,440 ahead of the FHFA update
Price joined Better in June 2025 after leading fintech work at FHFA and Figure Technologies
Policy shift aligns Fannie with Freddie by allowing companies to proactively contact borrowers who may qualify for PMI removal
Increase aims to give conventional lending options to more high-balance borrowers
The FHFA's directive could reshape mortgage lending, integrating crypto assets and potentially increasing homeownership opportunities for crypto holders.