Mortgages

The top five banks have a combined unpaid principal balance of more than $1.8 trillion at the end of Q1 2024.

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

The nation's leading brokerages have agreed to rule changes and settlements with consumers totalling over $900 million.

Michael Saleh, former senior vice president at Rocket, opened up Zoom Home Lending in early June.

The inclusion of policy addressing potential bias or discrimination in AVM models drew both support and criticism, with some stakeholders calling for the creation of an independent nonprofit to help ensure compliance.

The increase in total home sales will be slower than prior projections and that should lead to less growth in purchase originations, Fannie Mae's June forecast said.

Sales of existing homes in the U.S. fell for a third straight month in May while prices set another record, underscoring persistent affordability challenges that hobbled the important spring selling season.

The appeals court battle is unrelated to the association's settlement regarding buyers' brokers commissions, scheduled for final approval in November.

The Federal Housing Finance Agency wants feedback on how the Federal Home Loan banks can improve their affordable housing programs, including efficiencies in the application process.

The overall critical defect rate trickled down to 1.53% in the fourth quarter of last year, according to Aces Quality Management.