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Both refinancings and purchases will be stronger than what Fannie Mae had previously forecast.

Federal Housing Administration mortgages — the affordable path to homeownership for many first-time buyers, minorities and low-income Americans — now have the highest delinquency rate in at least four decades.

Amid the worst economic slowdown this spring since the Great Depression this spring due to business closings caused by the coronavirus pandemic, Chattanooga's housing market has remained relatively vibrant.

Perry Hilzendeger’s new role as president of mortgage servicing for Home Point Financial is in line with a previous role he had, and follows broader executive changes at Wells.

Interest rates jumped from a new record low, while Fannie Mae and Freddie Mac were widely panned for imposing a refinance fee.

A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the measure conflicts with federal law and are working behind the scenes to stop it.

Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks.

Its stock price, which slid since day two of trading, opened 10% on the earnings news.

As more borrowers exit their plans, fewer than 4 million loans sit in forbearance, according to Black Knight.

The FHFA director’s move this week to impose an “adverse market fee” of 0.5% on most refinanced mortgages will shift billions out of the hands of American consumers and into the hands of Fannie Mae and Freddie Mac — and their private shareholders.

With the moratorium still in place, mortgage foreclosure activity fell 83% in July compared to the year before and 4% from June, according to Attom Data Solutions.

Borrowers will likely have to put more assets on the line to get forbearance extensions.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.

“They are willing to play this to the end, one way or the other.”

Late home payments increased in this community that hosts the Masters, according to a California-based real estate analytics firm.

A former home mortgage consultant with the company alleges she was subjected to a lower compensation structure, awards and benefits compared to her male counterparts.

A survey conducted throughout the second quarter found knowledge gaps based on race and income.

Built to respond to borrowers' questions about mortgage deferrals, the bot created by Salesforce is evolving and in the future could conduct transactions, handle a wide range of queries or help with emergencies.

Refinance volume led the spike in mortgage applications for the week ending Aug. 7 as interest rates continued tumbling.