New credit score model to be accepted by the wider market. Federal Housing Finance Agency (FHFA) Director Bill Pulte has directed Freddie Mac and Fannie Mae to accept VantageScore 4.0 credit scores. Director…
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Michael DeVito, Chief Executive Officer, Freddie Mac
Michael DeVito, Chief Executive Officer, Freddie Mac
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Housing Starts Drop Nearly 10 Percent
New construction is at the lowest level since June 2020. The Commerce Department reported the number of housing starts decreased sharply in July. Measured on an annualized rate,…
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White House Addresses Home Valuation Discrepancy
New Freddie Mac report finds concerning difference in appraisals. The White House released an action plan last week to address racial bias in the home appraisal process. The…
Read MoreGovernment Unveils Mortgage Refinancing Initiative
Program could help lower-income borrowers. The federal regulator of Fannie Mae and Freddie Mac unveiled a new program Wednesday to ease credit requirements, simplify documentation and waive certain…
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