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Rocket Mortgage Adopts VantageScore 4.0 as Primary Credit Scoring Model, Citing Enhanced Qualification Rates

Rocket Mortgage Adopts VantageScore 4.0 as Primary Credit Scoring Model, Citing Enhanced Qualification Rates

Rocket Mortgage Adopts VantageScore 4.0 as Primary Credit Scoring Model, Citing Enhanced Qualification Rates
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Rocket Mortgage Adopts VantageScore 4.0 as Default Credit Score Model

Rocket Mortgage Adopts VantageScore 4.0 as Default Credit Score Model

Rocket Mortgage Adopts VantageScore 4.0 as Default Credit Score Model
ReutersReuters
US construction spending surges in August

US construction spending surges in August

WASHINGTON, Oct 1 (Reuters) - US construction spending unexpectedly surged in August, boosted by outlays on nonresidential structures like offices and power plants, but the trend remained weak as higher mortgage rates weighed on homebuilding. 
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Self-Employed Individuals Face Specific Mortgage Qualification Challenges with Less Than One Year of Business History

Self-Employed Individuals Face Specific Mortgage Qualification Challenges with Less Than One Year of Business History

Self-Employed Individuals Face Specific Mortgage Qualification Challenges with Less Than One Year of Business History
ReutersReuters
Equities dip as bond yields hold near multi-decade highs

Equities dip as bond yields hold near multi-decade highs

By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks declined for a second straight session on Tuesday, as government bond yields continued their ascent ahead of key inflation and labor market data this week that could shape the Federal Reserve's interest rate path.
ReutersReuters
US single-family home prices rise in July, FHFA says

US single-family home prices rise in July, FHFA says

WASHINGTON, Sept 29 (Reuters) - US single-family house prices increased in July, adding to the strain from rising mortgage rates that are pushing homeownership further out of reach for many young adults. 
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Eaton Vance Acquires 436 Luxury Apartments in Houston Heights from Greystar

Eaton Vance Acquires 436 Luxury Apartments in Houston Heights from Greystar

Eaton Vance Acquires 436 Luxury Apartments in Houston Heights from Greystar
ReutersReuters
US consumer confidence near 12-1/2-year low amid labor market fears

US consumer confidence near 12-1/2-year low amid labor market fears

By Lucia Mutikani WASHINGTON, Sept 29 (Reuters) - US consumer confidence plunged to a near 12-1/2-year low in September, with households expecting a deterioration in business and labor market conditions over the next six months amid the Middle East conflict and rising interest rates.
ReutersReuters
Equities end slightly lower as bond yields hold near multi-decade highs

Equities end slightly lower as bond yields hold near multi-decade highs

By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates.
ReutersReuters
S&P 500 flat as higher bond yields counter tech optimism

S&P 500 flat as higher bond yields counter tech optimism

By Shashwat Chauhan and Tharuniyaa Lakshmi Sept 29 (Reuters) - The benchmark S&P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.
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Senator King Introduces Bipartisan Bill to Improve Veterans' Access to High-Cost Prescription Medications

Senator King Introduces Bipartisan Bill to Improve Veterans' Access to High-Cost Prescription Medications

U.S. Senator Angus King (I-ME) has introduced bipartisan legislation, the Providing Veterans Essential Medications Act, aimed at improving access to high-cost prescription drugs for veterans residing in State Veterans Homes (SVHs). The proposed bill would mandate the Department of Veterans Affairs (VA) to either reimburse SVHs for high-cost medications exceeding 8.5% of their per diem rate or directly provide these medications. This initiative seeks to align the support provided to SVHs with the existing arrangement for many private contract nursing homes, which currently receive direct reimbursement from the VA for such medications. Senator Jim Banks (R-IN) is a lead co-sponsor of the bill. The National Association of State Veterans Homes (NASVH) has expressed strong support for this legislation, highlighting its importance in ensuring that expensive medications do not limit long-term care options for aging and disabled veterans. Currently, the VA provides a per diem to SVHs but does not cover the cost of...
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Reps. Gluesenkamp Perez and Westerman Introduce Veterans Owner-Builders’ Rights Act to Expand VA Home Loans for Rural Veterans

Reps. Gluesenkamp Perez and Westerman Introduce Veterans Owner-Builders’ Rights Act to Expand VA Home Loans for Rural Veterans

Reps. Marie Gluesenkamp Perez and Bruce Westerman have introduced the Veterans Owner-Builders’ Rights Act. This bipartisan legislation aims to expand VA home loans, specifically enabling rural veterans to utilize these loans for building their own homes. The bill proposes a five-year pilot program under the Department of Veterans Affairs (VA) to provide direct housing loans to veterans in rural areas for new home construction. The initiative seeks to address the shortage of starter homes, particularly in rural communities where housing demand often outpaces construction. Many veterans possess the skills to build homes but currently face limitations in using their VA home loan benefits for such projects. The legislation also includes provisions for blueprints with American wood sourcing requirements, streamlined permitting processes, and technical assistance for veterans, while safeguarding against home-flipping by requiring veterans to reside in the home for at least two years.