Economy

The 30-year fixed rate is now at levels last seen in the summer of 2007, according to data from Freddie Mac.

Inflation and recessionary concerns affected movements in the benchmark 10-year Treasury, itself at an 11-year peak, Freddie Mac said.

The only way to address inflation is for Congress to fix issues around home supply and demand, the National Housing Coalition said in reaction to the Federal Reserve's move Wednesday.

On the other hand, the economists from the UCLA Anderson Forecast claim the U.S. is not currently in a recession and that the chance of a recession in the next 12 months is less than 50%.

The former head of the agency said a decision last year to suspend caps on investor loans has further induced demand in an already hot market. Other experts say a supply-demand imbalance is the true driving force.

A couple squatted in their foreclosed home since 2009 and are only now being evicted, highlighting stubborn problems in the foreclosure process.

In an exclusive interview, the moderate Virginia Democrat and co-chair of the Community Development Financial Institution Caucus touched on the future of community development, cybersecurity and nonbank regulation. 

As the GSEs enter their 15th year in conservatorship, shareholders are wondering when they'll get their company back.

The industry has cut tens of thousands of positions since January, according to the latest Bureau of Labor Statistics estimates.

The move comes amid dwindling advances and a growing concern that the Home Loan banks are participating in riskier investments.

Fannie Mae and Freddie Mac are mum on whether a temporary solution from Florida officials to support downgraded home insurance firms will pass muster for the enterprises' underwriting exceptions.

The San Francisco-based company recently raised $14 million in Series A funding and closed more than $400 million in sales in the first quarter.

But the overall employment picture was bright in July, returning to a level last seen before the pandemic, the Bureau of Labor Statistics data found.

The day after the Federal Open Market Committee's next meeting we will analyze the increase and the signals about what rate hikes may be coming.

CEO Michael Nierenberg hinted at an upcoming partnership, as the rebranded New Residential reported a quarterly loss from residential mortgages plus management internalization costs.

As the Federal Reserve implemented its second 0.75% rate hike in two months, the chair said the system is able to withstand any financial stability risks that rising rates might create. 

Dennis Hermonstyne, a legal and regulatory expert, previously held roles with E-Trade and the Federal Reserve System.

Katie Jones is the third woman added to the GSE’s chief officer ranks in the past year.

But the Mortgage Bankers Association still expects the dollar volume of purchase originations to increase from 2022 to 2024 compared with 2021.