An explicit guarantee for Fannie Mae and Freddie Mac could cause the risk weighting of agency MBS to decline, in turn freeing up banks' balance sheets.
Recent pullbacks in interest rates have lowered monthly payments, but amounts needed still make home buying unaffordable by most standards, according to new reports.
While over 112,000 loans exited plans in the past week, there is only a modest opportunity for continued improvement in the near term, Black Knight said.
Mark Piszko, CPA, is a partner at
The Bureau of Labor Statistics reported that the economy added 22,000 jobs in August, raising the unemployment rate to 4.3% and providing additional cover for the Federal Reserve to lower interest rates in September.
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Mortgage applications rose 1.1% last week, with borrowers most interested in FHA loans and refinancing.
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The company gave no reason for his abrupt departure, which comes two months after the CEO of its parent First American Financial, Kenneth DiGiorgio, was fired.
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As the Federal Reserve considers changes to the supplemental leverage ratio, Fed Board Chair Jerome Powell said that effort is one piece of a broader deregulation package that will also address the Basel III capital rules.
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Nonbank mortgage companies are regulated on the state level, but multistate examinations allow for virtual nationwide and industry-wide coverage.
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US purchases of new homes fell in May by the most in almost three years as rampant sales incentives fell short of alleviating affordability constraints.
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The CEO of Union Home Mortgage is joining Dream Finders Homes' CEO Patrick Zalupski and others in a bid to purchase the Major League Baseball team.
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The bureau proposes to resolve the conflict between the servicing rules' notice requirements with bankruptcy law by exempting servicers from both the periodic statements and the early intervention requirements of the servicing rules for borrowers who have filed for bankruptcy.
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Were hearing private label mortgage-backed securities investors still face challenges to when it comes to amassing the consensus needed to have optimal access to information and leverage in litigation.
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This is a model that small originators can use to build their businesses on a local level.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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