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HomeGovernment-sponsored enterprises

Government-sponsored enterprises

Housing Wire

GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA

June 27, 2023 Allen Santos Comments Off on GSEs completed nearly 60,000 foreclosure prevention actions in Q1 2023: FHFA

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions during the first quarter of 2023, raising the total number of homeowners who have been helped to 6,771,101 since the start of […]

HELOC
Housing Wire

Fintech Hitch launches new HELOC platform

December 1, 2022 Allen Santos Comments Off on Fintech Hitch launches new HELOC platform

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Established at the start of 2022, Hitch will give […]

Multifamily
Commercial Real Estate

Multifamily Mortgage Debt Outstanding Rises to New Record in Q1 2022

August 11, 2022 Mariel Alumit Comments Off on Multifamily Mortgage Debt Outstanding Rises to New Record in Q1 2022

Multifamily mortgage debt alone increased $37.4 billion in Q1, according to MBA’s latest report. $ in billions Source: MBA Driven by record-high originations for a first quarter, the amount of mortgage debt outstanding climbed to […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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