"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
Sen. Elizabeth Warren had harsh words for FHFA head Mel Watt today, saying he was moving too slowly on housing reform
Lawmakers grilled FHFA Director Mel Watt this morning and pushed for a move toward dismantling the mortgage giants to set up a new housing finance framework.
Released this morning, the Commerce Department's report shows U.S. single-family housing starts and building permits reached record levels last month, signaling the housing market is still on the road to recovery.
The FBI has arrested 15 individuals in several ultra-Orthodox Jewish communities involving a rich man, poor man mortgage and welfare fraud scheme.
The regulator says some disabled consumers have complained they have been grilled excessively during mortgage process.
October housing starts and permits are expected to increase, but multifamily development will still outpaced single-family construction.