The Michigan State Housing Development Authority has extended a deal in which it offers first-time homebuyers the lowest interest rate the agency has ever offered.The rate of 4.875%, with no discount points charged at loan closing, will now be available until May 30. The reason for the extension was to “give low- and moderate-income residents more time to take advantage of the opportunity to realize the American dream of homeownership,” the MSHDA said.
A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
