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Urban Institute research backed by the Federal Home Loan Bank of San Francisco suggests using rent and utility reporting for this purpose is complicated but has a net benefit.

The development, touted as an industry-first, is the latest move by the government-sponsored enterprises to expand housing opportunities for first-time and underserved homebuyers.

New-home mortgage applications fell 13.2% on an annual basis, while average purchase sizes declined for the fifth straight month.

The lender has been largely unresponsive in at least three other federal lawsuits from firms seeking recourse in mortgage contracts.

Many Wall Street economists are holding firm to their bet that U.S. inflation will slow substantially over the next year even as they're being forced to keep raising their predictions for coming months.

Ramon Richards discusses Fannie's tech roadmap for 2023, retaining tech personnel, and relying on third party vendors

The Federal Housing Finance Agency performance report also calls for owner occupants and community groups to get first dibs on over 90% of real-estate owned sales.

Quarterly numbers also show the smallest gain in appreciation since 2011, with values decreasing on an unadjusted basis, according to Fannie Mae.

Bank of America Corp. is predicting a "shallow economy" though signs of weakness or stress aren't showing yet, according to its chief executive officer.

The Detroit-based lender said the program will "accelerate loan purchases" and "eliminate significant costs" for its partners

The Federal Reserve Bank of Philadelphia also found that interest rate spikes are preventing modification programs from effectively reducing principal and interest payments as originally intended.

The company which currently employs over 1,400 will reportedly close one of its Reno-area offices and let go over 100 workers at another location in December.

The agreement includes roughly $300 million in restitution, and a $100 million civil money penalty that will be one of the largest in New Jersey's history if it receives court approval.

The Federal Home Loan banks and their clients were well represented in the Federal Housing Finance Agency's recent "listening tour." The public, not so much.

While loan consolidation is a priority for many who consider home-equity products, a third of those with other debts aren't comfortable taking out a second lien on their homes.

Four national housing market experts presented their economic and residential outlooks Thursday in a panel at the National Association of Real Estate Editors conference in Atlanta.

The impairment rate for securitized non-qualified mortgages improved a little in August after increasing slightly the two previous months.

Households with no income or a debt-to-income ratio greater than 55% qualify for reinstatement of their loans plus up to three months of future outlays.

The San Francisco bank tallied $2.2 billion in net operating losses, higher than in any quarter since late 2017. The charges offset what otherwise would have been a strong third-quarter performance.

The slight increase was the first seen since May 2020, according to the Federal Housing Finance Agency's July report on the performance of loans backed by the government sponsored enterprises it oversees.