Terry J. Jorde, president and chief executive officer of CountryBank USA, Cando, N.D., has been named to Fannie Mae's National Advisory Council.Ms. Jorde began her career at 21 as a teller and bookkeeper at CountryBank, and at 32 was elected president and CEO, Fannie Mae said. "As a rural lender, Ms. Jorde adds an important perspective, and will bring a wealth of experience and wisdom to the council," said Shalley Jones, vice president of housing and community development for Fannie Mae's Midwestern regional office. The National Advisory Council has 46 members from the housing and mortgage finance industry and government. It meets three times a year with Fannie Mae's senior management to discuss "the challenges and opportunities" facing the government-sponsored enterprise and the housing finance system, the GSE said. Fannie Mae can be found online at http://www.fanniemae.com.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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Realtor.com's latest forecast projects prices will grow 1.2% in 2026, lower than its original estimate of 2.2% and well below the current pace of inflation.
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A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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