With tappable home equity near historic highs and a preference among a majority of baby boomers to remain in their homes, several reverse mortgage lenders have recently launched products to capture the greater opportunity in this part of the market. Demographic trends suggest a market primed for growth and current interest rate levels also make […]
New proprietary reverse mortgages hit the market this spring Read More »
Federal Housing Finance Agency Director Bill Pulte said he cannot envision a situation where President Donald Trump relinquishes control of Fannie Mae and Freddie Mac, emphasizing there is a need to keep implicit guarantees intact as the administration considers potential options for the two mortgage giants. READ MORE: What Trump’s latest GSE comments could mean
Pulte sees no scenario where Trump isn’t in control of Fannie Mae, Freddie Mac Read More »
Krisztian Bocsi/Bloomberg The Federal Reserve’s preferred measure of inflation continued to inch toward its 2% target last month, but the impact of higher tariffs have yet to reflect meaningfully in government data. The headline Personal Consumption Expenditure, or PCE, index increased 2.1% on an annualized basis in April, according to a report released by the
April PCE inflation comes in at 2.1%, nearing Fed goal Read More »