Fannie Mae reported a stronger profit in the first quarter as the company continues to get leaner. Processing Content The government-sponsored enterprise recorded $3.7 billion in net income during the period, a 5% quarterly increase and on par with its winter result a year ago. Executives cited a shift from fair value losses to gains, […]
Fannie Mae single-family loan acquisitions reach 3-year high Read More »
Bank groups said that although the Federal Reserve’s eased capital plans are a major improvement over previous versions, the recent proposals still need changes to help avoid risk assessments they say may hinder banks’ ability to boost lending. Processing Content Heads of the Washington-based Bank Policy Institute and the Mortgage Bankers Association, among others, testified
Bank groups eye changes to Fed’s relaxed capital plans Read More »
New residential construction in the US rose in March to the highest level in more than a year as homebuilders boosted production despite ongoing affordability concerns. Processing Content Housing starts increased 10.8% to an annual pace of 1.5 million homes in March, the highest since December 2024, according to figures released Wednesday by the Census
Housing starts surge to highest level since December 2024 Read More »