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Wholesale lender says alternative scores are producing lower rates or reduced LLPAs for some borrowers
The former MBA policy executive would oversee FHA underwriting, servicing, and credit-score changes that directly affect lenders and borrowers
Lenders will gain competing modern scoring options, but borrowers may not see both offered everywhere
Pulte’s comments could signal either fewer bureau reports or a portable report borrowers could share among lenders, but FHFA has not clarified which approach it is studying
Pulte removes 50-lender cap while considering bi-merge and single-bureau reports as additional ways to reduce mortgage costs
Average payments for first-time buyers have climbed 57% since 2019, while serious delinquency is becoming concentrated among lower-scoring borrowers
