Tag Archives: mortgage-backed securities

Homebuyers are out in force and mortgage rates are coming down

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With 7.24 million Americans out of work in July and payroll growth slowing, the Fed is expected to pivot from fighting inflation to preserving jobs. Continue reading →

Rocket, Mr. Cooper merger OK’d by Fannie and Freddie regulator

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A green light from the Federal Housing Finance Agency and antitrust regulators sets the stage for a Sept. 3 vote by Mr. Cooper shareholders on $9.4 billion mega merger. Continue reading →

With fresh capital, Knock ups the limit on its bridge loans to $1M

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Institutional investors snapped up a securitization of Knock bridge loans, paving the way for the company to scale lending by nearly $1 billion over the next 2 years. Continue reading →

Small lenders oppose combining Fannie, Freddie into single entity

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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 →

Mortgage rates drop sharply as Powell shifts stance on rate cuts

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Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the U.S. economy than inflation. Continue reading →

Pulte dismisses claims he is ‘weaponizing’ mortgage fraud

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A “Wall Street Journal” editorial calls Pulte’s criminal referral of Federal Reserve governor “an ominous turn in political lawfare” and warns that “weaponizing” Fannie and Freddie’s federal regulator “won’t build confidence in America’s institutions o… Continue reading →

Fannie Mae dials back sales expectations by 220,000 homes

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Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly. Continue reading →

Mortgage rates hit 4-month low and have more room to drop

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Homeowners scrambled to refinance last week as mortgage rates dropped to the lowest level in four months, with homebuyer demand also up by double digits from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Mortg… Continue reading →

If Fannie and Freddie go public, what happens to mortgage rates?

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Impact on rates depends on the structure of rumored IPO. Whatever the plan turns out to be, the Trump administration has stacked the boards at the mortgage giants with its supporters. Continue reading →

Defying conventional wisdom, UWM grows mortgage refis

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While rival Rocket Mortgage seeks to boost refis by becoming largest U.S. loan servicer, UWM CEO Mat Ishbia says AI, competitive pricing will help mortgage brokers compete for borrowers. Continue reading →