Federal Housing Finance Agency Director Bill Pulte said Friday that Fannie Mae and Freddie Mac are stepping up purchases of mortgage-backed securities, signaling a renewed push by the government-sponsored enterprises to add demand to a market confronting mortgage...
Fannie Mae is moving toward letting mortgage servicers proactively contact homeowners who may be able to eliminate private mortgage insurance, a policy shift that could put monthly savings in front of borrowers who otherwise may not know to ask. Federal Housing...
For years, the mortgage industry has complained about the rising cost of pulling credit. Those complaints weren’t imaginary. The Mortgage Bankers Association told Congress earlier this year that its members had experienced four consecutive years of significant...
We use the term “affordable housing” constantly in this industry. I use it. WRE News uses it. Developers, elected officials, housing agencies and advocates all use it. The problem is that two apartments can both legally and accurately be described as affordable...
Property valuation has always been one of the stranger parts of the mortgage transaction for consumers. A buyer can negotiate a purchase price with a seller, provide months of financial documentation to a lender and get all the way through underwriting only to have...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
