NAR Call To Action
If you are not already, you should sign up for mobile alerts by texting garealtor to 30644 so you are in the know about current Calls to Action. There is also an APP called the REALTOR® ACTION CENTER.
FHFA ANNOUNCES FRAMEWORK TO ADOPT NEW FICO AND VANTAGESORE SCORES
The FHFA announced that it will implement a framework for adopting two new credit scoring models by Fannie Mae and Freddie Mac.
FHFA ANNOUNCES THE ELIMINATION OF FEES FOR CERTAIN FIRST-TIME BUYERS AND OTHERS
The FHFA announced the elimination of certain loan level pricing adjustments (LLPAs) that it charges particular borrowers. Find out which categories of borrowers the FHFA is eliminating upfront fees for.
NAR PRAISES FHFA FOR USE OF NEW CREDIT SCORE MODELS
FHFA announced their transition from using Classic FICO to allowing Fannie and Freddie to use newer versions of FICO and Vantage.
NAR APPLAUDS FHFA FOR LOAN LEVEL PRICING REDUCTIONS
NAR applauds FHFA for reducing loan-level pricing adjustments for first-time, low and moderate income, and other homebuyers.
LITIGATION THREATENS CFPB’S OPERATIONS
A three-judge panel for the U.S. Court of Appeals for the Fifth Circuit ruled that the Consumer Financial Protection Bureau’s (CFPB’s) independent funding stream from the Federal Reserve system was in violation of the Constitution’s Appropriations Clause and separation of powers principles.