Following last week’s relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The move followed a clear shift in the Iran war news cycle with morning headlines citing Iranian officials saying the peace negotiation were effectively tabled as long as hostilities remained between Israel […]
Rates Pull Back Slightly Read More »
Multiple organizations in the mortgage industry sent a joint letter to the Federal Housing Finance Agency expressing support in President Donald Trump’s March executive order and asking Director Bill Pulte to update the appraisal process. Processing Content The consortiums requested Pulte and the agency to consider expanding the use of hybrid valuation methodologies, increasing the
Mortgage groups urge FHFA to modernize appraisals Read More »
Fannie Mae reclaimed the lead in retained portfolio growth last month, pushing to a new record after a year in which Freddie Mac had outpaced its rival. Processing Content Fannie reported that its retained portfolio jumped to $174.84 billion in April from $168.74 billion the previous month. Freddie’s inched up to $141.81 billion from
Fannie leads portfolio growth but Freddie ahead in acquisitions Read More »