Federal Housing Finance Agency (FHFA) Director Bill Pulte accommodated President Trump’s announcement of a federal purchase of $200 billion in mortgage bonds by making a unilateral and unpublicized policy change that enabled Fannie Mae and Freddie Mac to raise the...
Ginnie Mae announced it generated a total issuance was $526.4 billion for its fiscal year 2025, a 7.2% year-over-year increase in the outstanding portfolio. As a result of this issuance total, the agency’s mortgage-backed securities portfolio grew by $190.9 billion to...
Mortgage rates inched up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Jan. 22, up from last week when it averaged 6.06%. A year ago at this time, it averaged 6.96%....
Mortgage application activity was on the rise thanks mainly to an upswing in refinance inquiries fueled by declining mortgage rates, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 16. The Market Composite Index, the MBA’s...
The mortgage lender and servicer Newrez LLC announced its intention to recognize cryptocurrency assets for mortgage qualification. According to the Fort Washington, Pennsylvania-headquartered company, borrowers with crypto investments will be able to qualify for a...
Mortgage rates continued their decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.06% as of Jan. 15, down from last week when it averaged 6.16%. A year ago at this time, it averaged...
