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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Grow Your Business: https://join.nflp.com/
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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the changes on how we view credit scores -- which might help with credit score evaluation for buyers.

Today's article is from the US Federal Housing website FHFA.gov says "FHFA announces release of historical VantageScore 4.0 credit scores by the enterprises."

We've heard whispers of changes to credit scores over the last few years, but Bill Pulte announced immediate acceptance of this new method VantageScore 4.0 which uses machine learning. It's been hard for people who aren't big credit users to build a credit score with the FICO model. What's different, is it is using trending data. It even takes into account rent payments, cell phone bills, and other real time payments people are making.

There are a lot of buyers who have limited credit that are hurt by the FICO model who have the money, but just don't use a lot of credit to build a good credit score. We don't know all the pricing yet, but we know it will be less expensive! And as always competition brings prices down.

Listen in as we discuss this and more!

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the current housing correction that's happening.

Today's article is from National Mortgage Professional: "Housing correction gathers momentum as supply surges, affordability pressures persist." The article cites a few corrections:
- Delinquency rates are stable but have ticked up a tad bit
- Student loan payments have resumed and are really hurting some people after 5 years on a pause
- Average debt-to-income ratio remains at a record high
- Inventory, pricing & demand all play off of each other. Compare Jun 2019 homes for sales verses June 2025, in Texas alone there are 33% more homes for sale than in June 2019.
- Demand, there's a lot of applications coming in but not a lot of inventory that meets their needs.

Ultimately, we think we are going in the right direction, with rates trending downward. Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss if the big bill is "beautiful" for housing.

Today's article from NationalMortgageProfessional.com is titled "President Trump signs big beautiful bill -- Here's what it means for mortgages and housing."
- The first thing that stuck out to us was the ability to deduct mortgage insurance fees from your taxes starting in 2026.
- Secondly, low income tax credits have been expanded, which ensures the building of affordable housing.
- And finally the SALT deduction cap has gone from $10,000 to $40,000. If you're in a state with high state and local taxes that will help you.

What we didn't see in the bill is some tax credits for first-time homebuyers. But just because the federal government isn't sponsoring programs, doesn't mean state governments aren't.

Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the rise in existing home sales in May, but new homes were a different story...

Today's article from the United States Census "Monthly New Residential Sales, May 2025" states new home sales fell 13.7% from April. Rich doesn't find this surprising; we are right at the end of a quarter so we expect June to be better. This compares with new home starts which are down about 10%. We predict prices will rise next quarter with the extra tariffs hitting lumbar.

Overall, inventory is not the issue, there's more new and existing homes for sale. We just need more affordable interest rates for all those first-time homebuyers to be enticed to buy.

Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the tiny increase we've seen in home sales.

Today's article from Yahoo Finance is titled "US existing home sales rise in May; mortgage rates still a constraint." Overall, more homes are being listed for sale and the sales prices are appreciating!

There are a lot of signs in the market that point to a strong economy: wage growth, low unemployment, low inflation and now increase in home sales. We are moving to a more normal buyer/seller dynamic that will help move some of the inventory built up in the market. But, buyer's still have a bit of an edge right now, so let's help our borrowers use that to their advantage.

Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why the Fed is moving slow to drop interest rates.

Trump is putting pressure on the Fed Chairman Powell to lower interest rates. However, we've seen strong labor data, inflation is low and things are good so we did not see rates get lowered yesterday. There is still a lot of uncertainty around Trumps policy, and his new spending bill. The market is waiting to see how we will digest all of that, leaving Trump frustrated.

Hopefully, by the end of summer we get our first rate drop. Listen in as we discuss this and more!

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the big beautiful bill and how it effects housing.

Today's article is from CNN.com: "Here's how Trumps 'big beautiful bill' would impact housing." We haven't read the full bill, but this article applauds the expansion of tax credits that help assist landlords and builders rent and build for low-income earners. The bill is over 1,100 pages long and is likely to still have some changes, but the critics say there are a ton of cuts to affordable housing initiatives.

The bill also includes state and local tax deductions in high-income areas -- the increase in the deduction starts at $40,000. Critics say it only benefits the rich, but that's not always the case.

The overall criticism of the bill is that it doesn't do enough to decrease the tax deficit. The interest on America's trillions of dollars in debt is huge. We have to address the deficit.

______

Grow Your Business: https://join.nflp.com/
______

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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.

See more at TodayInMortgages.com

Want to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here.

Learn more about Network Funding on our parent site.

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.

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.