FICO has reached an agreement with Federal Housing Finance Agency (FHFA) to release the historical datasets for its newer credit‑score model, FICO 10T, paving the way for broader adoption by the major government‑sponsored enterprises (GSEs). In a corporate announcement, FICO said the three national credit bureaus will deliver 10T data connected to single‑family loan‑level records to the GSEs.
Mortgage lenders are seeing better per‑loan revenue in 2025 than in recent years, yet the cost to originate those loans remains stubbornly high, creating a squeeze even as overall profitability improves. According to a new update from Freddie Mac, the average cost to produce a mortgage in the second quarter of 2025 was about $11,800 per loan — a modest improvement from the first quarter’s roughly $13,400 for retail‑only lenders, but still slightly above where costs stood in late 2023.
The price of Fannie Mae shares has climbed sharply in the past months — a dramatic upswing that’s drawing attention from investors and analysts alike. Many are asking what is really driving this surge and whether the valuation gains reflect underlying business improvements or speculative optimism.
The Federal Housing Finance Agency (FHFA) recently increased the year‑over‑year multifamily lending caps for Fannie Mae and Freddie Mac by 4%, highlighting the agencies’ robust support for apartment financing even as talk intensifies around a potential public offering. Industry leaders note that this bump in lending capacity comes amid signs that the pair are approaching their statutory limits for the year—a development that insiders say may accelerate structural changes, including a possible IPO or re‑privatization down the line.
President Donald Trump’s proposal to permit 50‑year fixed‑rate mortgages has stirred strong interest among younger home‑buyers, particularly millennials, though experts caution the long‑term trade‑offs may outweigh the immediate savings. According to a survey of 1,000 Americans conducted by BadCredit.org, 45% of respondents would consider a 50‑year mortgage if it became available—and support is highest among millennials at 54%, and Gen Z at 46%.
Federal inspectors are taking the United States Treasury Department to task for not doing enough to increase participation in the government’s Home Affordable Modification Program (HAMP) which helps keep homeowners out of foreclosure. Borrowers having trouble paying their monthly payment can apply for a HAMP for a loan modification that lowers their monthly payment. So far, 1.5 million homeowners have received HAMP modifications, about half as many as originally predicted by the Treasury. The department has repeatedly extended the program’s initial December 2013 deadline; HAMP iis now scheduled to expire in December 2016.
Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.
On Friday, April 24, 2015 HUD announced some significant changes to its Distressed Asset Stabilization Program (DASP). These changes were made in an effort to better serve homeowners looking to avoid foreclosure, loan servicers will now be required to delay foreclosure for a year and to evaluate all borrowers for the Home Affordable Modification Program (HAMP) or a similar program.
Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.
While driving to work virtually every day I hear numerous advertisements for borrowers to apply for or to apply for a mortgage modification. The general public and mortgage professionals are unaware of the rules in order to obtain a Home Affordable Modification Program mortgage loan.
Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.
Written By: Bonnie Wildt
I have said it before and I will say it again and that is, do not believe everything you hear or read for that matter. In this particular instance I am referring to AUS Findings. I have had countless conversations with processors and loan officer who want to know why I am asking for documentation that the AUS findings have clearly stated wasn’t needed or worse, they can’t believe I am turning a loan down that has an Approve/Eligible. So here it is again and pay particular attention to the details because just because you have an Approve/Eligible or Accept doesn’t necessarily mean you have a done deal.