Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard have more clarification on the VantageScore 4.0 roll out. The FHFA shared an FAQ that helps explain some questions we had. What we have learned is yes, there will be options for using your best credit score, but there could be a competitive fee for that. And, as a lender we can chose which scoring system to apply to different loans. This is good for consumers, more options, and good for lenders because there’s more ways to look at these scores. But we are wondering if there is a possibility that competition will make the companies loosen standards and open the door to unsavory loans. The answer we believe is no, it’s not its making loans better, instead it’s making credit scores more “real time” as this new model is using more recent data. Listen in as we discuss this and more.
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The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.
About Today in Mortgages
Today in Mortgages, the show where we try to make sense out of the click-bait headlines in Mortgage and Real Estate news that clients and buyers are being flooded with every day. We’re trying to find our what’s real and what’s hype in the market news and discuss how mortgage and real estate professionals should be navigating these tricky conversations with clients who are getting scared away from the housing market.
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A new Redfin report shows that nearly 14% of home purchase agreements fell through in February, marking the highest rate for that month on record. This episode explores why cancellations are rising, including increased buyer sensitivity to rapid interest‑rate changes, heightened economic uncertainty, and expanding requests for seller concessions. The discussion also highlights job‑market concerns and the emotional impact of constant headlines around war, debt, and AI on first‑time buyers. Despite the turbulence, many transactions remain strong due to earlier rate locks, and the episode outlines why upcoming months may show delayed effects from March’s volatility. Key insights focus on how market instability influences buyer behavior and what industry professionals must understand about shifting confidence levels in today’s housing environment.
The government bailed out the SVB so depositors would not lose their money. This should be an isolated situation, and we shouldn’t see a domino effect.
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