FHFA, HUD move to bring new credit score models into mortgages
Federal agencies on Wednesday took steps to bring newer credit scoring models into the mortgage underwriting process, marking a significant shift in how borrower risk is evaluated. U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the adoption of FICO 10T and Va
Bessent says CDFI Fund 'had lost its way'
Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."
Support grows for Whitmer housing zoning reform bills in Michigan
Michigan lawmakers returned from spring recess with housing affordability clearly in their sights. A bipartisan group shepherding a package of bills this week picked up strong support from a coalition of housing advocates and business groups, including the Home Builders Association of Michigan. That
Pamela Heman
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