Wells Fargo suspends jumbo mortgages as demand fades

In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading

Trump administration announces halt on foreclosures and evictions

For now, evictions and foreclosures will be placed on a moratorium until the end of April. Continue reading

Federal lenders increase loan limits to match pace of price growth

Fannie Mae, Freddie Mac and the Federal Housing Administration increased their loan limits to $510,400 and $331,760, respectively. Continue reading

Home prices have risen 32 consecutive quarters: FHFA

U.S. home prices climbed 5 percent year-over-year in the second quarter of 2019, according to data released Tuesday by the Federal Housing Finance Agency. Continue reading

A new ‘uniform’ for Fannie and Freddie aims to help homebuyers, investors

Though relatively obscure among most consumers, the project to create the UMBS has been in the works since at least 2012. Officials have already been prepping investors for the launch of the combined TBA market for months, and during Monday’s phone cal… Continue reading

US home prices continued to grow in March — but sluggishly

Home prices in the U.S. grew at a 3.7 percent annual rate in March, down from the previous month’s 3.9 percent, according to Case-Shiller. Continue reading