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But median prices still rose 17% year-over-year, the company found.

Second quarter open orders were 37% higher than one year prior, while closed orders grew by 43%.

Financial institutions will have until early October to weigh in about new risk-based capital requirements for nonbanks.

A federal judge in Washington ruled that a temporary U.S. ban on evictions in parts of the country hit hardest by the coronavirus can continue, a major victory for the Biden administration’s efforts to extend protections as the Delta variant spreads.

While the company's mortgage originations saw a 46% annual drop in gain on sale margin, it anticipates that annual volumes will exceed 2020 levels.

This year's assessment for Fannie Mae and Freddie Mac is the first to take into account a January agreement between the Federal Housing Finance Agency and the Treasury Department that allowed the companies to retain more earnings.

The guarantor of mortgage-backed securities has been without a Senate-confirmed president for four and a half years. The vacancy makes it difficult for other government agencies to coordinate housing objectives, according to stakeholders.

The Department of Housing and Urban Development and Federal Housing Finance Agency, which supervises Fannie Mae and Freddie Mac, formed a pact to share information and coordinate investigations of potential fair-lending violations.

The new all-in-one brokerage aims to avoid the "one-size-fits-all approach,"Rocket Homes CEO Doug Seabolt said.

The companies are investing more in government-insured equity withdrawal products for borrowers ages 62 and up, which offer higher returns.