GSEs set to adopt new credit scores in late 2025; Rocket’s credit card; new president at MISMO.

FHFA economists suggest originators may have better pricing technology than Fannie and Freddie.

Fannie Mae has announced alternative ways to determine a property valuation when a full appraisal isn’t necessary.

A mild recession is in the making for mid-2023 and the country is still woefully behind on housing supply, according to the MBA’s chief economist.

Mortgage companies waiting for the market to improve; some high marks on MSRs; Ishbia ready to dedicate more time to UWM; Equifax offers expanded credit reports; House approves bill to set minimum federal standards for remote online notarization; Better launches mortgage product for Amazon employees.

Researchers with the Federal Reserve Bank of Philadelphia found a much higher share of mortgages for investment properties than would otherwise be indicated from the occupancy status stated on loan applications.

The Mortgage Industry Standards Maintenance Organization has introduced an application date decision model and white paper on how lenders can combine standardized terms and decision modeling techniques to help ensure compliance with TRID.

Applications stumbled in early February; rate locks increased in January; consulting firm opposes ICE’s planned acquisition of Black Knight; FHA ditches paper filing; Black Knight adds eNote and eVault tech.

Rocket is known for refis. Demand for refis is limited due to rising interest rates. So Rocket is taking steps to boost originations of purchase mortgages.

GSEs revise loan-level pricing adjustments; FHFA cuts UMBS comingling fee; UWM gives brokers pricing flexibility; foreclosures more than double; loanDepot to use Black Knight’s loan origination system; Lower offers white-label mortgage platform; Blend continues right-sizing.