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American Banker and National Mortgage News are offering an exclusive discussion of how policymakers may revamp Fannie Mae and Freddie Mac and what that will mean for mortgage lenders of all sizes.
March 11 -
The 2020 budget would add the Consumer Financial Protection Bureau and FSOC to congressional appropriations, charge lenders for FHA upgrades and require universities to have skin in the game on student loans.
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From New York to Seattle, here's a look at cities with the best homebuyer purchasing power for the upcoming competitive spring market, based on changes in house values compared to local wages and mortgage rates.
March 11 -
Falling interest rates contributed to efforts that helped Hovnanian Enterprises nearly halve its net loss during its fiscal first quarter, when it maintained a strong sales pace by selling more low-priced homes.
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As housing starts gradually rise, the proportion of homes getting built outside of metropolitan areas is declining due to fewer jobs there to support them.
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Agency mortgage-backed security prepayment speeds increased in February with much of the refinance activity coming from newer loans and those with high coupons, a report from Keefe, Bruyette & Woods said.
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Mortgage foreclosure filings across New York dropped 46% between 2013 and 2018, from 46,696 to 25,334, according to a report issued by New York State Comptroller Thomas DiNapoli.
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Wells Fargo CEO Tim Sloan said that the megabank has worked to address past issues and is equally committed to preventing new problems from arising, despite reports suggesting otherwise.
March 11 -
City planners project that an existing housing shortage on Oahu could disappear in five years based on current and anticipated residential development projects.
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Colorado Springs-area home prices continued to climb last month, even as Denver's slipped for the first time in several years.
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