Organization Root Tag

Mortgage applications were up for the first time in over a month, with government refinances in particular seeing a sizable bump.

The current program, which included more than 580 separate operations to buy Treasuries and 1,200 to purchase mortgage-backed securities, has dwarfed all three of the Fed’s previous quantitative-easing programs combined.

A quarter-percent increase would eliminate more than a million buyers for median-priced homes according to the National Association of Home Builders.

If put into force, the Federal Housing Finance Agency’s plan will severely impact the working capital and profitability of IMBs, and reduce volumes in the industry, Whalen argues.

The effect of the conflict and upcoming Fed announcements have left much of the industry guessing about what happens next.

Lawmakers on the House Financial Services Committee clashed over the stalled nominations of Federal Reserve Chairman Jerome Powell and four others Wednesday. It was a prelude to the fireworks that could occur Thursday when Powell is scheduled to testify before the Senate Banking Committee.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

Fannie Mae and Freddie Mac have used the classic FICO score since 2003.

The overall number of applications decreased for the fourth straight week, but average loan sizes headed back up, according to the Mortgage Bankers Association.

The Federal Reserve Chair Jerome Powell said the central bank expects to raise interest rates later this month to tackle hot inflation amid a tight labor market while Russia’s invasion of Ukraine has added uncertainty.