On Tuesday, the average top-tier 30yr fixed mortgage rate hit the lowest level in exactly 4 weeks. If you’re not interested in splitting hairs, today’s rates are essentially the same. Although our official average is 0.01% higher, that’s such a small change that many of today’s rate quotes will look the same as yesterday’s. In […]
Mortgage Rates Essentially Sideways at Recent Lows Read More »
Dozens of fired Fannie Mae workers are mulling their next steps after a judge dismissed their defamation complaint against the mortgage giant. Processing Content U.S. District Judge Leonie M. Brinkema last week granted Fannie Mae and the governments’ motions to dismiss the lawsuit, seven months after it was filed. The case was dismissed without prejudice,
Fired Fannie Mae workers’ defamation lawsuit dismissed Read More »
Key insight: The White House budget would cut funding from the Community Development Financial Institution Fund, as Vought outlined in a House Budget hearing. Forward look: The program historically has broad bipartisan support in Congress, including a large number of Republicans, but OMB can cause delays in disbursing CDFI funding, even if Congress fully funds
OMB’s Vought: CDFIs funded ‘woke’ programs Read More »