President Donald Trump has raised the possibility of ending the federal conservatorships on Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC). In a statement on his Truth Social platform, Trump announced: “I am giving very serious consideration to bringing Fannie...
Mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of May 15, up from last week when it averaged 6.76%. A year ago at this time, it averaged 7.02%. The...
A mortgage fraud probe of Letitia James, a serious HR problem at the GSEs and the surprising site for Disney’s next theme park. From the wild and wooly world of real estate, here are our Hits and Misses for the week of May 5-9. Hit: Karma Get It. When New York...
The 30-year fixed rate mortgage averaged 6.76% as of May 8, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is unchanged from last week and down from the 7.09% rate recorded one year ago. The 15-year fixed-rate mortgage...
The government-sponsored enterprises (GSEs) of Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) have a curious human resources problem – agents from North Korea and China were discovered working for them. Bill Pulte, director of the Federal Housing Finance...
Altisource’s Foreclosure Auction Inventory Surges as Service Revenue …
