Despite the average windfall for homeowners, some feel like they missed a prime selling window, and buyers must still overcome steep unaffordability.
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
Alternative data verifications used in non-qualified mortgage underwriting have increasingly been used by government-sponsored enterprises in response to expansive Biden-era housing goals, volatile rates and evolving technology.
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The company identified opportunities and challenges amid market disruption in the quarter and revealed expansion in some mortgage-related business lines.
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Mounting liabilities are raising the stakes for an economy that has come to rely more and more on high-end consumer spending to power expansion.
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The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
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More details are out about the government-sponsored enterprises' acceptance of nontraditional credit metrics. But pundits say fiscal analysis is still tough.
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As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.
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The Federal Housing Finance Agency approached Habib regarding becoming a member of the Fannie Mae board of directors, with the appointment effective July 21.
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The Consumer Financial Protection Bureau has invited consumers to complain about getting a mortgage and it is getting plenty of responses.
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The rock and hard place between which lenders have found themselves in regard to the use of hiring screens and disparate impact (in hiring) just got a bit softer.
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But be aware of the business and regulatory risks associated with closing loans in your own name.
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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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