UWM Says VantageScore Improves Results For 1 In 4 Borrowers
Wholesale lender says alternative scores are producing lower rates or reduced LLPAs for some borrowers
Tagged: LLPA
Rocket Pro Extends Purchase Credit, Names Big Pitch Finalists
Rocket adds same-business-day conditional approvals and a 12-business-day clear-to-close commitment on conventional purchase loans
Just Trying To Help Borrowers Can Be Complicated
How the mortgage market is gradually evolving, with renewed interest in ARMs, potential LLPA changes, shifting credit policies, and data uncertainty requiring lenders to adapt strategies across pricing, risk, and hedging
FHFA, Fannie, Freddie Rebrand CSS To U.S. Financial Technology To Boost Recognition, Sell More MBS Services
Meanwhile, FHFA also considering renaming LLPAs for mortgages the GSEs acquire
FHFA Director Strongly Defends New GSE Pricing Framework
Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.
FHFA Director Says It Ain't So
Thompson denies pricing changes at Fannie, Freddie make wealthier borrowers subsidize poorer ones.