Ryan Huff

The value of the MMRI for GSE acquisitions in Q3 2025 decreased ever so slightly for Fannie Mae and Freddie Mac, due to an uptick in appraisal waivers.

We explore how the introduction of lender's choice of credit score at mortgage origination is expected to change both underwriting processes and mortgage pricing.

In the second quarter, mortgage repurchase risk for Fannie Mae was almost constant, up 2%, while Freddie Mac’s decreased slightly, by 5%, our latest MMRI shows.

Lender choice for credit scores could raise the risk on guaranteed mortgages, but actuarial analysis can help mortgage credit providers reprice for the shift.

We show how giving lenders a choice between using FICO or VantageScore for Fannie Mae and Freddie Mac mortgages affects default rates and introduces risks.

Mortgage repurchase risk increased for GSE acquisitions in 1Q 2025, driven by a slight deterioration in borrower credit risk attributes, our latest MMRI shows.

Mortgage repurchase risk increased for GSE acquisitions during the fourth quarter of 2024, largely driven by less favorable borrower spreads.

Larger payment reductions provided to mortgage borrowers in loss mitigation generally correlate with lower rates of re-default.

We give some guidance on housing affordability and home prices, considering the potential long-term impacts of recent supply and demand dynamics.

FICO 10 and FICO 10 T mark a meaningful advancement in assessing credit in mortgage lending, powered by trended data and cutting-edge analytical techniques.