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12.07.25 - 21:12
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Can Jay Powell Make It Through The Weekend? (ZeroHedge)
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Can Jay Powell Make It Through The Weekend?
Authored by Larry Kudlow via RealClearPolitics.com,
Is the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign....
President Trump, of course, is on his case daily for not dropping interest rates in line with low inflation.
Late yesterday, the head of the Federal Housing Finance Agency that regulates Fannie Mae and Freddie Mac and oversees the 11 federal home loan banks, William Pulte, issued a statement, saying: “I'm encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”
Yesterday, the Office of Management and Budget's director, Russ Vought, condemned Mr. Powell for his gross mismanagement of what Mr. Vought calls the palace of Versailles.
Mr. Vought said: “We saw Chairman Powell. He was too late to recognize inflation, and now he's too late to lower rates. And the Fed has just mismanaged...
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10.07.25 - 19:36
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FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages (ZeroHedge)
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FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages
Shares of Fair Isaac Corp. (FICO), the company behind the widely used FICO credit score, dropped earlier this week after a federal agency approved the use of its biggest competitor, VantageScore, for mortgage underwriting, according to the Wall Street Journal.
The Federal Housing Finance Agency (FHFA) will now allow lenders to choose between FICO 10T and VantageScore 4.0 when issuing loans sold to Fannie Mae and Freddie Mac, which together back nearly half of all new U.S. mortgages.
Previously, only FICO scores were accepted. A prior proposal to require both FICO and VantageScore for each loan faced resistance from lenders over costs and complexity. The FHFA ultimately reversed course, with Director Bill Pulte saying in social media posts that the change is aimed at improving credit access, especially for renters and rural borrowers.
VantageScore CEO Silvio Tavares called the update “long overdue.” ...
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09.07.25 - 15:03
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PulteGroup Announces Retirement of Debra W. Still, Vice Chair of Pulte Financial Services (Business Wire)
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Four-decade mortgage industry veteran to retire from PulteGroup at the end of 2025ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), one of America's largest homebuilders, today announced that Debra W. Still, CMB, Vice Chair of Pulte Financial Services, will retire at the end of 2025, concluding an extraordinary 42-year career with the Company.
Still's remarkable tenure spans the transformation of both PulteGroup and the entire mortgage industry. Starting as a Branch Manager in 1983, she advanced through the Company and the industry to become one of the most respected leaders in housing finance, serving as President of Pulte Mortgage starting in 2004 and ultimately as CEO of Pulte Financial Services from 2010 to 2023 before transitioning to her current role as Vice Chair.
"Deb Still is one of the most respected leaders in our company and the broader housing-finance industry," said Ryan Marshall, PulteGroup President and CEO. "For more than four decades, she has embodied the very best...
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26.06.25 - 01:09
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In Historic Acceptance Of Crypto, FHFA Instructs Fannie, Freddie To Count Crypto Assets (ZeroHedge)
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In Historic Acceptance Of Crypto, FHFA Instructs Fannie, Freddie To Count Crypto Assets
As he had hinted on several previous occasions, FHFA Chair Bill Pulte said he had ordered Fannie Mae and Freddie Mac to prepare a proposal to include cryptocurrencies as assets in the risk assessment of single-family mortgage loans.
The order directs Fannie and Freddie to "only consider cryptocurrency assets that can be evidenced and stored on a US-regulated centralized exchange."
After significant studying, and in keeping with President Trump's vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage.
SO ORDERED pic.twitter.com/Tg9ReJQXC3
— Pulte (@pulte) June 25, 2025
The move is intended to help mortgage seekers who have crypto assets qualify for loans, and comes amid a collapse in the number of mortgage applications in recent years as the US experience...
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