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Author name: Ricky Vasquez

Missouri senator opens investigation into FICO’s mortgage credit score pricing

Credit Score, FICO, First-Time Homebuyers, HWmember, Missouri, Mortgage, Origination, Senate /

U.S. Sen. Josh Hawley (R-Mo.) has opened an investigation into Fair Isaac Corp. (FICO)’s pricing practices in the mortgage industry and is urging Federal Trade Commission (FTC) Chairman Andrew Ferguson to do the same. FICO dominates the credit scoring market for mortgage lenders, largely due to decades of exclusive acceptance for loans sold to Fannie […]

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Hail risk to homes is on par on with major hurricane threats

Climate Change, Cotality, Homeowners insurance, Housing Market, Mortgage, Natural Disaster, Weather /

More than 43.5 million U.S. properties are at moderate or greater risk from hail damage, representing about $17.84 trillion in reconstruction cost value, according to Cotality’s 2026 Severe Convective Storm Risk Report released Tuesday. The report finds that hailstorms are emerging as one of the most financially destructive natural hazards for the housing market, with

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Mortgage rates rise as Treasury yields hit 8-month high

Homebuyers, HWmember, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Refinancing /

With little to suggest that the U.S.-Iran conflict will end soon — and with crude-oil prices rising to more than $100 per barrel — mortgage rates took a beating in the past week as Treasury yields rose to their highest point since last July. Mortgage News Daily (MND) reported that 30-year fixed rates averaged 6.49%

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Supreme Court won’t hear mortgage firm’s appeal in CFPB case

Supreme Court won’t hear mortgage firm’s appeal in CFPB case

Law and legal issues, Regulation and compliance /

The US Supreme Court in Washington.Kent Nishimura/Bloomberg The United States’ high court turned down a case involving a former biweekly mortgage-payment services firm that has been fighting a Consumer Financial Protection Bureau penalty for a decade. Processing Content The Supreme Court this week declined to hear an appeal from Nationwide Biweekly Administration, which has battled

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Home sales cancelled at record rate as buyers hold power

Housing affordability, Housing markets, Originations, Redfin /

Buyers have significantly more negotiating power than sellers in the housing market today, resulting in a record amount of home-sale cancellations, a new industry report found. Processing Content More than 42,000, or 13.7%, of home-sale agreements in the United States fell through last month, according to a Redfin report. That’s the highest February share in

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Senator calls for FTC investigation into FICO score pricing

Senator calls for FTC investigation into FICO score pricing

Credit scores, Industry News, Mortgages, Originations, Politics and policy /

Senator Josh Hawley, a Republican from Missouri, during a hearing on Wednesday, April 17, 2024. Photographer: Graeme Sloan/BloombergGraeme Sloan/Bloomberg A Republican senator launched a new investigation into the leading provider of mortgage borrower credit scores, reiterating prior criticism of a “monopoly” he says proves detrimental to aspiring home buyers.  Processing Content Alongside his own investigation

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A Goldman-sponsored RMBS pool will raise $359.4 million

Goldman Sachs, Non-QM, RMBS /

The Goldman Sachs Mortgage Company is sponsoring a $359.4 million residential mortgage-backed securitization (RMBS), capitalizing a pool of non-qualified mortgages extended primarily to investors. Processing Content GS Mortgage-Backed Securities Trust, 2026-R1 will issue the notes through seven tranches of classes A, M and B notes, which all have a final scheduled maturity date of April

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TransUnion launches new fraud and personal safety check app

Fraud, Mortgage technology, REALTORS & HOMEBUILDERS, TransUnion /

TransUnion is launching a new app set to help Realtors confirm property ownership to prevent fraud, conduct personal safety checks and drive more effective prospecting. Processing Content TruLookup for Real Estate is a purpose-built solution that reduces the need for real estate professionals to analyze multiple databases or download numerous apps when researching potential clients

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