FHFA sets transition to new credit models for late 2025

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. That’s when the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac w
Read MoreNew School economist calls for a ‘Gray New Deal’ for retirees

Economics professor Teresa Ghilarducci of The New School in New York recently painted a dire picture of the retirement situation in the U.S., calling on policymakers to enact what she calls a “Gray New Deal,” recalling the economic relief and stimulus efforts of President Franklin D. Roosevelt imple
Read MoreMortgage rates flirt with 7% mark again

Mortgage rates continued to trend up this week and dampen homebuyer momentum.The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week’s figure of 6.90%, according to Freddie Mac’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate a
Read MoreWhy Happy Grasshopper CEO Dan Stewart is so chill

Editor in Chief Sarah Wheeler sat down with Dan Stewart, founder and CEO of Happy Grasshopper, to talk about the company’s tech strategy in creating content that resonates with consumers. Storytelling is key to the company’s success and Stewart’s own story explains how he stays cool in any market cy
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