The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. FHFA Director Bill Pulte, a staunch ally of President […]
Pulte calls on Bondi to probe Fed’s Cook over mortgages Read More »
Florida homebuyers are facing the same affordability challenges that other housing markets are grappling with, but with added regulatory hurdles if they want to buy a condo. The Florida Association of Mortgage Professionals (FAMP), which is hosting its annual convention this week in Orlando, is addressing those challenges head-on, looking to improve the Florida housing market
The Florida Association of Mortgage Professionals pushes for condo guideline changes Read More »
Edge One Capital has disclosed its stake in Fannie Mae and Freddie Mac, calling the government’s prolonged control of the mortgage giants the “largest shareholder rights violation in U.S. history.” It’s also proposing a road map to return them to private ownership without the consequence of higher mortgage rates. The Raleigh, North Carolina–based investment firm’s
Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates Read More »
A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing
Senate bill would add unconverted crypto to mortgage underwriting equation Read More »
The opinions published in National Mortgage News (“Credit Scores Are Not the Issue” by Christopher Whalen; “Pulte’s hands credit bureaus an unfair edge” by Chi Chi Wu), are incorrect and misleading. Contrary to the views expressed in those pieces, competition and modernization in the mortgage credit scoring system are significantly enhanced by VantageScore being allowed to compete by the FHFA.
Credit score competition reduces mortgage market risk Read More »
The Federal Housing Finance Agency (FHFA) is proposing to repeal its fair lending, fair housing and equitable housing finance rule, arguing that the regulation is duplicative that the repeal aligns with prior executive orders aimed at streamlining agency functions. The rule, finalized in May 2024 under the Biden administration, required Fannie Mae and Freddie Mac
FHFA plans to eliminate GSEs’ equitable housing finance plans Read More »
Mortgage industry prognosticator Barry Habib was both surprised and honored that the Federal Housing Finance Agency approached him for a role on the Fannie Mae board. “I wasn’t expecting it, I didn’t solicit it, and it is an extreme honor,” Habib said in an interview with National Mortgage News. He was named to the Fannie
Barry Habib on his appointment to the Fannie Mae board Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Senate Democrats press FHFA on crypto use in mortgages Five Senate Democrats are urging caution as the Federal Housing Finance Agency considers allowing unconverted cryptocurrency in mortgage underwriting.
Tech Pulse: Lawmakers press FHFA on crypto for mortgages Read More »
Five Senate Democrats are raising concerns about the potential risks of using unconverted cryptocurrency assets in mortgage underwriting, urging the Federal Housing Finance Agency (FHFA) to tread carefully. In a letter addressed to FHFA Director Bill Pulte, the senators reacted to his social media post from late June, in which Pulte said the agency is
Senate Democrats press FHFA on crypto use in mortgages Read More »
Nearly two dozen members of Congress recently sent a letter to Bill Pulte, director of the Federal Housing Finance Agency (FHFA), that supports his decision to accept VantageScore 4.0 credit scores for mortgages purchased by Fannie Mae and Freddie Mac. The lawmakers, led by Rep. Mike Flood (R-Neb.), said that the move will help President
Lawmakers voice support for FHFA’s adoption of VantageScore 4.0 Read More »