Mortgage rates are entering this summer stuck in the mid-6% range as experts are conceding to the new rate environment.  Processing Content The 30-year fixed-rate mortgage averaged 6.49% Thursday, up two basis points from the prior week, according to Freddie Mac. The 30-year FRM has remained tethered to 6.5% for the past month, as macroeconomic […]

Fannie Mae and Freddie Mac are taking on more interest-rate risk in their rapidly growing investment portfolios, driving a key gauge of their exposure to levels that rattled Wall Street two decades ago. Processing Content Disclosures from the housing-finance giants show their duration gaps — a measure of how closely assets, liabilities and hedges offset one another

Key insight: The Federal Reserve has restructured its supervision and regulation division and plans to bring in outside hires to fill existing vacancies on the team. Expert quote: “Our job is not to save a failing bank. Our job is to ensure … that we’re helping them identify what the problems are and allowing them