AMELIA ISLAND, Fla.–While many people relaxed in December, the Mortgage Bankers Association was on a tear–including tackling the important issue of credit scores and credit reporting–MBA President and CEO Bob Broeksmit, CMB, said here at MBA’s Independent Mortgage Bankers conference.

MBA President and CEO Bob Broeksmit, CMB, says it’s time for competition for credit scores and reports.

As the market had anticipated, the Federal Reserve’s Federal Open Market Committee left the federal funds target range unchanged Wednesday at its January meeting. 

MBA President and CEO Bob Broeksmit, CMB, released a statement on President Donald Trump’s announcement of his intention to nominate Kevin Warsh to serve as Chairman of the Federal Reserve.

VantageScore, San Francisco, found that in December the average Vantage Score 4.0 credit score declined by one point to 700, indicating that consumer credit conditions are softening.

Foreclosure auction volume surged in the fourth quarter, increasing 48% from a year before to the highest level since late 2020, according to Auction.com, Irvine, Calif.

ATTOM, Irvine, Calif., released its Year-End U.S. Home Sales Report, finding that the national median sales price hit an all-time high of $360,000 last year.