Mortgage Industry News

What is a government-sponsored enterprise (GSE)?

What is a government-sponsored enterprise (GSE)?

Source: Bankrate --- The U.S. economy is a complex system of interconnected components. To keep money flowing efficiently throughout these components, the federal government lends a helping hand in the form of government-sponsored enterprises, or GSEs. Over the years,...

Mortgage lending nosedives, dropping 55% since last year

Mortgage lending nosedives, dropping 55% since last year

Source: Warwick Beacon --- After a wild couple of years in the housing market, things may finally be starting to cool. Fewer people took out mortgages at the end of last year, as sky-high home prices, costly mortgage rates, and consumer inflation limited buying power...

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