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Approximately two years after Fannie Mae and Freddie Mac stopped accepting the troubled index, the government agency is looking to approve the Structured Overnight Financing Rate for adjustable rate mortgages.

Lorraine Beste is a tax and accounting manager at a CPA firm in central Texas with 20 years of tax and accounting adventures.

The automation provider, which could merge with ICE Mortgage next year, is updating secondary market tools sorely needed in a volatile market.

Higher interest rates are driving borrowers to adjustable-rate loans, which saw close to a 13% share in weekly activity, the highest since 2008.

New U.S. home construction declined in September and permit applications for single-family dwellings fell, adding to evidence that the highest mortgage rates in two decades are sapping demand and discouraging new builds.

Rodney E. Hood is a board member of Zest AI. He is the former chairman of the National Credit Union Administration.

The new product will be based on a recent revision to the Department of Veterans Affairs' handbook for lenders, according to the company.

The single-family house, located in South Carolina, was sold to an investor for $176,200 last month.

The Federal Housing Finance Agency's tangible capital rule could prevent some banks from accessing advances from the Federal Home Loan Bank system in a rising interest rate environment.

As higher mortgage rates bite harder, the number of metro Atlanta home sales in September fell and the selling prices stopped rising.