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
The winning idea will be built into a Rocket Pro technology product and unveiled at RPX in Detroit
MCL will operate as XedaLink, an independent subsidiary focused on streamlining credit and verification ordering as lenders push for more automated and integrated mortgage workflows
U.S. mortgage credit tightened in December, with availability falling across conventional and government-backed loans as lenders pulled back on risk and program offerings
Borrowers pay down mortgage debt in December, shy away from buying new homes, analysis finds
"White-collar consumers" experiencing financial strain, compounded by ongoing slump in white-collar employment.
The average rejection rate for mortgage applications increased by 8.6 percentage points to 20.7% in 2024, well above the 2019 rate of 10.2%.
Consumer credit utilization decreased to 51.6% down from the prior month, hitting a new four-year low.
MBA releases report analyzing ICE Mortgage data
Consumer credit preferences shift as households anticipate reduced demand for credit cards, mortgages, and auto loans in the coming year.