Fannie Mae acquired a record $145.6 billion in mortgages during September, a reflection of the strong refinancing and home purchase market of the past summer.However, its retained purchase volume -- a barometer of future activity -- fell to $27.9 billion during the month, the second-lowest reading over the past 12 months. Compared with those of the same month a year ago, Fannie's loan acquisitions rose by 86%. The mortgage giant also reached another milestone during the month: its on-balance-sheet holdings of mortgages cracked the $900 billion mark. Fannie Mae can be found online at http://www.fanniemae.com.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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