FHFA seeks input on Fannie and Freddie’s credit score models

The two government-sponsored enterprises have relied on the “classic” FICO credit scoring model for the past 12 years. But the Federal Housing Finance Agency is weighing whether the GSEs should upgrade to more recent scoring alternatives. http://www.nationalmortgagenews.com/news/fhfa-seeks-input-on-fannie-and-freddies-credit-score-models Listing by City… Read more

Housing finance needs fixing, but it doesn’t need Fannie or Freddie

The government-sponsored enterprises are at the heart of our housing finance problems, not the solutions. http://www.nationalmortgagenews.com/opinion/housing-finance-needs-fixing-but-it-doesnt-need-fannie-or-freddie Listing by City | Vacaville Real Estate | Fairfield Real Estate | Suisun City Real Estate | Benicia Real Estate | Vallejo Real Estate… Read more

Dime in N.Y. lowers CRE concentration with multifamily securitization

The $280 million securitization is also expected to boost capital levels and lower Dime’s loan-to-deposit ratio. http://www.nationalmortgagenews.com/news/dime-in-ny-lowers-cre-concentration-with-multifamily-securitization Listing by City | Vacaville Real Estate | Fairfield Real Estate | Suisun City Real Estate | Benicia Real Estate | Vallejo Real… Read more

Double duty: Wells’ retail chief Mary Mack to head consumer lending

The executive tasked with reshaping Wells Fargo’s embattled retail banking unit will now also be responsible for mortgage, auto and student lending. http://www.nationalmortgagenews.com/news/double-duty-wells-retail-chief-mary-mack-to-head-consumer-lending Listing by City | Vacaville Real Estate | Fairfield Real Estate | Suisun City Real Estate |… Read more

Single-family housing starts rise to highest level in a decade

Groundbreaking on single-family homes proceeded in November at the strongest pace in a decade, driving housing starts to a faster-than-estimated rate, government figures showed Tuesday. http://www.nationalmortgagenews.com/articles/single-family-housing-starts-rise-to-highest-level-in-a-decade Listing by City | Vacaville Real Estate | Fairfield Real Estate | Suisun City… Read more