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The move allows Freddie Mac to start purchasing certain second lien mortgages, but establishes limits on how much volume it can do.

The Senate Banking Committee will consider the nomination of Christy Goldsmith Romero — the administration's pick to take over the Federal Deposit Insurance Corp. — on July 11.

Federal Reserve Bank of Richmond President Thomas Barkin said he needs further clarity on the path of inflation before lowering interest rates

Activity grew at a slower pace from seven days earlier, as refinance volume retreated, according to the Mortgage Bankers Association.

The suggested order would require Freedom Mortgage to pay $3.95 million to settle allegations that it botched its reporting of customer data to the watchdog.

Through the proposal, the risk function at Ginnie Mae is telling issuers to change their business model or exit the industry, writes the Chairman of Whalen Global Advisors.

The HUD agency contends that the bank's agreements involving certain reverse-mortgage assets call for the closely watched case to be filed there.

Analysts foresee less regulation and a weighty tax cut decision, but aren't confident that the former president will end GSE conservatorship.

Lown's resignation creates a second vacancy in the government-sponsored enterprises c-suite, as it is also looking for a new CEO.

The term is open to interpretation and may refer to a broad range of real-estate finance activity. An "independent mortgage banker" has a narrower definition.

Borrowers still sought opportunities in the homebuilder market with activity trending upward for over a year, even as existing inventory showed signs of expanding.

President Joe Biden also nominated fellow Commodity Futures Trade Commission board member Kristin Johnson to a top bank regulatory post at the Treasury Department.

Markets appeared to welcome signs of future rate relief, with the latest Freddie Mac average falling for the fifth time in six weeks.

But despite increasing anxiety over rising costs, an overall majority of consumers also express optimism about their own improving financial prospects in the upcoming year, according to Transunion.

The Federal Reserve held firm on its current interest rate levels after its latest meeting, but inflation numbers are leading to talk of potential action in third and fourth quarters.

Homeowners responded to moderating interest rates and brought in significantly more refinance volume, with Department of Veterans Affairs numbers more than doubling from the prior week.

The department will continue to monitor developments from a recent court settlement as it considers future rulemaking.

Amid industry challenges, borrow a page from the playbooks of these industry leaders as they strategize around new roadblocks and look for fresh opportunities.

A Fannie Mae survey-high 86% of prospective buyers said it was a bad time to buy a home in May.

The Massachusetts House passed a bill that would ease the process for property owners looking to build accessory-dwelling units.