Mortgage credit scoring options are expanding. Fannie Mae and Freddie Mac have broadened access to VantageScore® 4.0 for eligible conventional loans, while the Federal Housing Administration (FHA) is preparing to accept VantageScore 4.0 and FICO® Score 10T alongside Classic FICO beginning January 1, 2027. These developments do not mean Classic FICO is disappearing. They do […]
The Federal Housing Administration (FHA) is considering a new approach to documenting and servicing partial claims and Payment Supplements. On July 20, 2026, FHA published a draft Mortgagee Letter proposing a Reinstatement Advance Payment (RAP) Demonstration for stakeholder review and feedback. If finalized, the demonstration would provide FHA-approved mortgagees with an alternative to the separate […]
By Jonas Hoerler, Chief Regulatory Counsel, RegCheck & Diane Jenkins, Partner, Sandler Law Group So far calendar year 2025 has brought with it some of the most significant changes to residential mortgage compliance the industry has seen in many years. Much of the federal activity eliminated policies the agencies considered “outdated,” reducing unnecessary compliance costs […]
