Mortgage lender Rate has launched RateFi, a nationwide non-QM mortgage program that allows qualified borrowers to use verified cryptocurrency holdings for mortgage qualification without liquidating their digital assets. Continue reading
Although $200 billion sounds like a lot of money, the impact and longevity of Fannie and Freddie’s bond purchases on mortgage rates won’t be as big as the Federal Reserve’s. Continue reading
Fannie Mae and Freddie Mac should continue to operate as separate companies rather than merged into a single entity, and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans. That’s the perspective of a… Continue reading
Cutting the mortgage giants’ $806,500 conforming loan limit could relieve pressure on home prices but leave more homebuyers seeking jumbo mortgages at higher rates from private lenders. Continue reading
Some experts are intrigued by the idea floated by Treasury Secretary Scott Bessent, saying it could help put the mortgage giants on sound footing without boosting mortgage rates. Continue reading
Among those dismissed were Freddie Mac CEO Diana Reid and Head of Human Resources Dionne Wallace Oakley. FHFA COO Gina Cross and HR Director Monic Matthews were placed on leave. Continue reading
According to the latest study by data scientists at VantageScore Solutions, a scoring model still struggling to gain acceptance by the federal agency that regulates the two secondary mortgage giants Fannie Mae and Freddie Mac, millennials have similar … Continue reading
Now that these buyers have relatively easy access to credit (albeit high-risk) they’re snapping up homes at the lowest price tier and driving up home prices… Continue reading