Secondary Execution, Broker Contest, Commercial Products; Webinars; Bill Pulte's Job Move?

The latest and greatest with FHFA Director Bill Pulte (happy 38th birthday last week!) is that President Trump tapped him (more below), to be the acting director of national intelligence. At this point he is still running Freddie Mac and Fannie Mae. The President cited Pulte’s work at the FHFA and his role as chair of Fannie & Freddie, saying Pulte “has deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 trillion dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago.” For now, our industry and consumers wait on F&F to make a firm decision and move forward with “credit modernization” (aka credit score wars). VantageScore, FICO Direct, tri-merge, and single score models all have their proponents and opponents. Meanwhile, the number of lenders charging borrowers up-front for credit costs continues to limp along, meaning that the company eats the costs for loans that don’t actually fund. (Today’s podcast can be found here and this week’s ‘casts are sponsored by Experian and the Experian Verify Hub. The platform brings manual submissions in-house and consolidates post-submission activities into a single environment, aiming to provide more streamlined access, faster insights, and a more cohesive user experience. Today’s has an interview with Experian’s Sophia Cheung on simplifying and modernizing the verification process by consolidating multiple systems into a single platform, further streamlining workflows, and increasing value)