More than 20 organizations representing thousands of banks, credit unions, and other financial institutions have petitioned Congress
The federal mortgage authority sold a tranche of more than 1,200 seasoned geographically diverse loans
(CNBC) Applications for U.S. home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year, data from an industry group showed on Wednesday.
Freddie Mac, the U.S.-owned mortgage- finance company, will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company’s history.
Home price appreciation throughout the US has convinced many originators that they will be able to continue to make a good deal of business on home refinances.
More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.
Bank of America and Wells Fargo may be headed back to court in New York. According to a news item on CNBC, the New York Attorney General is preparing a lawsuit against these two heavyweight mortgage lenders for multiple violations of the historical National Mortgage Foreclosure Settlement Agreement of 2012.
The United States economy has a long way to go even as home values rise and the job market improves.