A new report from TransUnion explores FHFA’s proposal to utilize two instead of three credit reports, and the significant impact such a move would have on consumers, mortgage lenders, and the broader economy.
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In his previous position at Fannie Mae, the company mentions that Tracy was responsible for conducting file reviews based on Fannie Mae and desktop underwriter guidelines, identifying and investigating potential fraud, conducting risk analyses, and communicating file review results to internal and external customers.
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Less than a week after Quicken Loans sued the Department of Justice and HUD, accusing them of coercing the Detroit-based lender into making false statements, the DOJ filed a lawsuit against Quicken accusing the lender of improperly originating and underwriting FHA-insured mortgages, according to an announcement from the DOJ on Thursday afternoon.
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