Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. Freddie […]
Multiple agencies across the federal government including the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have all renewed their efforts to […]
The Federal Reserve, Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. […]
About two years after Better.com announced its plans to go public via special purpose acquisition company (SPAC) Aurora Acquisitions Corp., the fate of Better.com’s journey to IPO will be decided next month. “Aurora shareholders will […]
Data released today by Airbnb shows a significant increase in interest in the Paris Region ahead of Paris 2024 from both international and French guests, with listings available throughout the Games in the Paris region […]
The Community Home Lenders of America (CHLA) on Thursday sent a letter to Sandra Thompson, director of the Federal Housing Finance Agency (FHFA), urging the slower implementation of changes to the credit score reporting process. […]
The S&P CoreLogic Case-Shiller Indices posted an annual decline in home prices for the second straight month in May while the Housing Price Index provided by the Federal Housing Finance Agency (FHFA) continues to show […]
Mortgage application volume during the week ended July 24 was down slightly from the prior week. Static interest rates did little to stir the refinancing pot, but purchase volume declined. The Mortgage Bankers Association said […]
With summer well underway, it’s time to answer the call of wanderlust and hit the road. Whether travelers are all about basking in nature’s embrace or absorbing the sun’s rays by the coast, this collection […]
California-based Pennymac Financial Services increased its profits by 92% in the second quarter of 2023 from the prior quarter. Although the performance was propelled by its servicing portfolio – as occurred in previous quarters – mortgage production […]
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