Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. After dipping below 6% in previous weeks, mortgage rates rose to 6.11% as of the week of March 13. National Association of Realtors® (NAR) Principal Economist and Director of Real Estate Research Nadia Evangelou…
Housing affordability is an issue to be tackled from many directions; which ways are on lawmakers’ radar? The House Financial Services committee (which covers the real estate sector) provided insight into that during a hearing Tuesday on rising housing costs, titled “Priced Out of the American Dream.” Those giving testimony at the hearing, where discussion…
In a post on Truth Social Jan. 8, President Donald Trump announced he is directing his representatives to purchase $200 billion in mortgage bonds in an effort to reduce mortgage rates and monthly payments for American homebuyers. The move marks the administration’s latest attempt—its second this week—to address housing affordability concerns that have dominated voter…
As part of the Federal Housing Finance Agency (FHFA) overseeing the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the FHFA is required to set annually updated benchmark goals for how the GSEs’ mortgage purchases will help contribute to affordable housing for lower-income households. On Tuesday, December 23, the FHFA set its enterprise benchmark housing…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. -Mortgage industry advocates are warning that fee hikes on credit reporting services could be a significant blow to an already struggling housing market. Mortgage lenders are reporting price increases of up to 50% for…
Above, Brad Case After past positions at the Federal Reserve, Nareit and Fannie Mae, Brad Case brings a breadth of experience to his newly appointed role as chief residential economist at portal giant Homes.com. With more than 35 years of industry expertise, in his new role he will serve as the company’s leading voice on…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. As of Nov. 20, the average 30-year fixed mortgage rate sat at 6.26%, slightly up from the previous week’s reading of 6.24%. Tracking with higher rates, mortgage applications—tracked by the Mortgage Bankers Association—found that…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow and Compass hearing begins Tuesday, Nov. 18 On Tuesday, Nov. 18, Compass and Zillow will meet in court for a scheduled four-day hearing held in New York City, the latest round in the ongoing…
Government-sponsored enterprise (GSE) Fannie Mae employs an automated Desktop Underwriter (DU) system. Now, with a recent change in policy, lenders will face one less hurdle in giving loans out processed through the system. Previously, the DU system required that a borrower have a minimum credit score of 620 (or a cumulative minimum of 620 for…
With the future of Fannie Mae in flux due to President Trump’s stated desire to potentially privatize it, CEO Priscilla Almodovar stepped down as the head of the mortgage giant on Oct. 22, with Peter Akwaboah, Fannie Mae’s current COO, appointed to the additional role of acting CEO of Fannie Mae, according to William J.…
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