Author name: Ricky Vasquez

Mortgage-backed securities purchases became the current focus of near-term plans for Fannie Mae and Freddie Mac due to lower-than-anticipated valuations for a planned stock offering, a housing official told Fox Business. Processing Content “Today some people say the businesses are worth up to $1 trillion. They’re worth $500 billion to $700 billion, we believe,” Federal […]

Rocket Mortgage is partnering with Compass to share listings on Redfin, in a major deal which also includes pricing promotions.  Processing Content The companies Thursday announced a 3-year partnership for Compass to share its “Coming Soon” and “Private Exclusive” listings to Redfin, which they said could bring over 500,000 more listings on Redfin. Rocket offerings

The national delinquency rate cooled last month, while foreclosure activity hit its highest level since early 2020, a new industry report shows. Processing Content Delinquencies fell by three basis points to 3.65% in January, 15 basis points below prepandemic levels, but foreclosure starts caught up with its 2020 numbers last month, totaling 42,000, according to