The New York State Assembly now considering a bill that would raise the minimum borrower age for a reverse mortgage customer from 60 to 62. Reverse Mortgage Daily reported that State Assembly Bill A5877 would also make additional changes to the state’s reverse...
The 30-year fixed-rate mortgage averaged 6.39% of today, according to new data from Freddie Mac (OTCQB:FMCC). This rate is down from last week when it averaged 6.43%. A year ago at this time, the rate 5.27%. The 15-year fixed-rate mortgage averaged 5.76%, up from last...
Fewer prospective homebuyers were on the hunt for home loans last week while jumbo mortgages fell out of favor with many lenders, according to the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was down by 1.2% on a seasonally adjusted...
A coalition of fiscal officers from 27 state governments called President Joe Biden and Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson to jettison the new mortgage fee increases that went into effect today. In a letter to Biden and Thompson, the...
Go Mortgage, a Columbus, Ohio-based mortgage lending company, has hired Jessica Manna as its chief marketing officer. Manna has more thn 20 years of experience in mortgage marketing and branding. She most recently served as president of digital strategy and innovation...
Mortgage fees have become the focus of the mainstream media thanks to a policy change enacted by the Federal Housing Finance Agency (FHFA) to the pricing framework of Fannie Mae and Freddie Mac. Perhaps not surprisingly, different media outlets are offering different...
Hits and Misses for the Real Estate Week of May 11-15
