The long-term rate-indicative 10-year Treasury yield dropped steeply Monday morning, moving well below 3%.
Around noon on Monday, the 10-year yield, which had been as low as 2.93% on the day was at 2.95%, according to Yahoo Finance.
Until Monday, the benchmark yield had been relatively higher in July, rising to levels close to 3.2% at one point.
In an update to its seller and servicer guide, Fannie Mae laid out details on responsibilities for vendor oversight and the need for transparent AI policy.
Remodeling sentiment dipped slightly in Q1 but stayed well above the neutral mark, as the lock-in effect of elevated mortgage rates kept homeowners investing in their current homes.
The president of an affiliate mortgage securitization guarantor is taking on the responsibilities associated with the Federal Housing Administration role.
Bills in Congress, capital rules, GSE reform and credit modernization hold a mix of benefits and risks for Independent Community Banker of America members, Senior Vice President Ron Haynie says.
Newly minted doctors want to buy homes but because of student debt and job history, likely can't even meet the wider jumbo underwriting criteria without help.
Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.
