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VantageScore Names Interim CEO Amid Growing Mortgage Market Presence

Anthony Hutchinson succeeds Silvio Tavares as the credit-scoring company expands lender adoption and competition with FICO intensifies

People On The Move
MBA: Mortgage Payments Climb Despite Smaller Loan Amounts

September's $53 increase ended three months of payment relief, with affordability deteriorating in 39 states

Analysis and Data
Aven Brings HELOC-Style Financing to Home Purchases, Promising Seven-Day Closings

The $2 million credit line combines 30-year fixed-rate repayment with reusable borrowing capacity

Jumbo
Fannie, Freddie Credit-Loss Provisions Nearly Quadruple Despite Strong Profits

The mortgage giants recorded a combined $1.94 billion in third-quarter provisions, with higher projected rates extending credit exposure and signs of stress emerging among newer loans

Analysis and Data
Rocket Gains Market Share, But Wholesale Volume Falls 19%

The lender adds 200 broker partners representing $12 billion in potential annual production, while its servicing and real estate businesses strengthen its competitive position

C-Suite Strategies
Behind The Non-QM Numbers: How Experienced Originators Choose The Right Income-Documentation Path

How choosing the right income-documentation method upfront can help originators avoid costly delays, underwriting setbacks, and missed opportunities in Non-QM lending

Opinion
Non-QM
CrossCountry Widens VantageScore Eligibility, Reports $2,500 In Savings

Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction

Operations
I Told A Borrower His Credit Was Crap. The Real Problem Was Me.

After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them

Opinion
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Another Bank Exits Mortgage Origination, Citing Lack Of Scale

Enterprise Bank & Trust joins several banks that have scaled back residential lending operations amid mounting pressure to justify origination costs

C-Suite Strategies