The Federal Housing Finance Agency (FHFA) announced the government-sponsored enterprises Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are updating their Private Mortgage Insurer Eligibility Requirements (PMIERs). The GSEs first issued their PMIERs in...
Total home sales are expected to come in lower than previously expected through the rest of this year and will not pick up meaningfully until further into in 2025, according to a new forecast from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research Group. The...
Mortgage application activity took a nosedive for the week ending Aug. 16, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 10.1% on a seasonally adjusted basis...
Mortgage rates recorded a slight uptick in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of Aug. 15, up from last week when it averaged 6.49%. A year ago at this time, it averaged...
Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...
Mortgage credit availability was on the rise last month, according to data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 3.3% to 98.1 in July; the index was benchmarked to 100 in March 2012. The...
Rents Fall for 33rd Straight Month Amid Surge in New Multifamily Constructi…
