Home-Purchase Application Activity Up This Week

Despite ongoing geopolitical uncertainty, recent mortgage rate declines have boosted mortgage application activity for a second week in a row. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchase

FHFA, HUD move to bring new credit score models into mortgages

Federal agencies on Wednesday took steps to bring newer credit scoring models into the mortgage underwriting process, marking a significant shift in how borrower risk is evaluated. U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the adoption of FICO 10T and Va

Fannie and Freddie To Allow Credit Scores Based on Rent and Utilities Payments

Prospective homebuyers with a history of on-time payments for rent and utilities may soon find it easier to qualify for a mortgage, thanks to changes at Fannie Mae and Freddie Mac. U.S. Federal Housing Finance Agency Director William Pulte, who is also the chairman of federally controlled Fannie and

eXp Tells Investors Proposed Move to Texas Has Nothing to Do With Lawsuits

With a shareholder vote just days away during the company’s annual meeting on whether to reincorporate from Delaware to Texas, eXp World Holdings filed additional proxy materials with the Securities and Exchange Commission (SEC) early this week, making a pointed argument that its planned departure f