HUD Secretary: FHA is Exploring Alternative Credit Scoring for Mortgage Borrowers
HUD secretary Julian Castro said the Federal Housing Administration (FHA) is exploring alternative credit scoring models, in a discussion with…
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Industry Hears Call for Credit Scoring Changes
The way companies calculate people’s credit scores needs to change to reflect how people live their lives today, or millions…
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Vacation-Home Sales Hit High, Realtor Group Says
Continued stock-market gains and low interest rates drove sales of vacation homes to the highest level on record last year,…
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Report: Short Sales, REO Experience Largest Increase in Three Years
The percentage of short sales and REO sales jumped by 2.2 percentage points in the first quarter of 2015, the…
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What lenders need to know about CFPB’s mortgage shopping toolkit
On March 30, the Consumer Financial Protection Bureau published a revised consumer publication related to mortgage loans. This publication, a…
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Fraud Alert