New home sales hit 9-month low in February

February’s seasonally adjusted annual rate of 775,000 was down 18.2 percent from January’s revised rate of 948,000. Continue reading

Fannie Mae appoints Hugh Frater as permanent CEO

Fannie Mae has appointed Hugh Frater as its permanent chief executive officer following a six-month search to replace former CEO Timothy Mayoupolos, who stepped down in October. Continue reading