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  • FHFA, FICO reach agreement to release historical FICO Score 10T data

FHFA, FICO reach agreement to release historical FICO Score 10T data

Plus: CFPB top enforcer resigns Over Trump’s Bid to Close Probes

December 08, 2025

🚨 Alert! It's Monday. Today’s newsletter is 677 words, a 2.5-minute read. Let’s go…

Disclaimer: Average mortgage rates as of December 05, 2025. © MND Daily Rate Index.

1. FHFA, FICO reach agreement to release historical FICO Score 10T data

FHFA and FICO finalized terms to release historical FICO Score 10T data, enabling the mortgage industry to evaluate and potentially adopt the new credit score.

Credit bureaus will soon deliver the data to the GSEs, which will validate it and later make expanded historical datasets available through 2025.

The move follows earlier release of VantageScore 4.0 historical data and resolves months of stalled negotiations with FICO over industry-criticized terms. FHFA calls the agreement a major step toward increasing competition in credit scoring.

2. CFPB top enforcer resigns

The Consumer Financial Protection Bureau’s top enforcement official resigned his post, echoing complaints from his predecessor that the Trump administration isn’t letting the agency do its work.

Michael Salemi, the CFPB’s principal deputy enforcement director and a longtime staff member, expressed his frustration at a Thursday all-hands meeting with the CFPB’s enforcement team over the Trump administration’s move to stop virtually all agency enforcement and investigative activities.

Salemi said in a Thursday email to the team that he had hoped to be able to lead an enforcement division that would continue the agency’s work even with new priorities and reduced staff. His last day at the CFPB will be Dec. 12.

“In the last several weeks, it’s become clear to me that, if things proceed as planned, there is no path to an effective future enforcement program at the Bureau,” Salemi said in the email, obtained by Bloomberg Law.

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3. More Nuggets

🤖 How AI is empowering (not replacing) mortgage lending teams.(Maxwell)

⚖️ Local governments sue after HUD rewrites homelessness grants ‘mere weeks’ from deadline. (MultiFamilyDive)

👷 Builders’ cheap mortgages are a bad deal for home buyers. (WSJ)

📉 FHA ban sends non-permanent resident mortgage locks from boom to bust. (ResiClub)

4. New York court upholds foreclosure abuse law

New York’s highest court upheld the Foreclosure Abuse Prevention Act of 2022 and confirmed that it applies retroactively. The ruling blocks lenders from restarting the six-year statute of limitations on foreclosure cases by withdrawing earlier filings.

  • The law was created to stop banks from repeatedly trying to foreclose on the same debt, a tactic that emerged after the 2008 crisis when lenders filed and abandoned large numbers of cases.

The decision strengthens homeowner protections and restricts lenders from reviving old or previously dismissed foreclosure claims, reinforcing the need for accurate documentation and proper legal procedure before initiating or reinitiating foreclosure actions.

5. D.R. Horton, DHI Mortgage hit with new RICO suit

Borrowers filed a Nevada class action accusing D.R. Horton and DHI Mortgage of using a racketeering scheme to suppress property tax escrow estimates, making monthly payments look artificially low at closing. A similar case was filed earlier in Florida.

The suit claims DHI based escrow on unimproved-land tax assessments, while the true higher amounts were buried in loan documents. When a new servicer recalculated escrow months later, borrowers saw sudden payment spikes and backpay demands.

Plaintiffs argue the practice misled FHA and conventional borrowers, qualified buyers for homes they couldn’t afford, and let D.R. Horton market lower monthly payments. Some borrowers report increases of several hundred dollars to over $1,000 per month.

☀️ You’re all caught up. See you on Wednesday!

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