Analysts have largely forecast political inaction on an additional public offering for Fannie Mae and Freddie Mac until after the midterms, and one initiating coverage recently said odds are the wait could be longer. Processing Content Mizuho initiated coverage of both government-sponsored enterprises with a $10 price target for Fannie and $9 for Freddie. It […]
Fannie, Freddie investors risk ‘zero earnings’ through ’33 Read More »
Chase Home Lending is offering a mortgage rate discount for the next two weeks to boost activity in the second half of the spring homebuying season. Processing Content The promotion offers rate cuts of as much as 25 basis points, depending on product and location, on new-home purchases as well as rate-and-term and cash-out refinance
Chase Home Lending offers temporary mortgage rate discount Read More »
Home Equity Conversion Mortgages endorsements fell for the second month in a row in April, although trends show proprietary reverse products are now filling some of the void. Processing Content Endorsements of the Federal Housing Administration-backed product dropped 1.4% between February and March to 2,088 loans from 2,117, maintaining a slowdown that appeared in the
HECMs lose ground to proprietary reverse products Read More »