FHFA regulatory interpretation aims to make Puerto Rico’s cooperativas part of FHLB system
Cooperativas are state-chartered financial institutions serving rural and low-income urban areas in Puerto Rico. Many of them are CDFIs.
Mortgage
Mortgage rates drop slightly
The rate for a 30-year fixed-rate mortgage averaged 6.79% this week, down from last week when it averaged 6.87%.
Home prices rose in January
Home prices increased 6% in January compared to the same month a year ago, up from a 5.6% rise the...
Report: GSE foreclosure prevention actions increase in Q4 2023
According to the report, Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the quarter.
FHFA officials discuss equitable housing plans, new credit score models
FHFA will have data on the Vantage score 4.0 model out by the middle of this year and the FICO...
OCC releases mortgage performance report for fourth quarter 2023
The OCC released the fourth quarter 2023 mortgage metrics report, which showed that 97.2% of first-lien mortgages in the federal...
ABA, associations seek more time for comment on flood insurance form changes
ABA and eight associations today asked the Federal Emergency Management Agency to extend the deadline for public comment on its...
Mortgage rates fall
The rate for a 30-year fixed-rate mortgage was 6.74% this week, down from last week when it averaged 6.88%. A...
Bank survey: Most first-time homebuyers optimistic about housing market
Nearly three in four first-time homebuyers are optimistic about the current housing market, according to a new survey by TD...
Regulators to waive certain appraisal requirements to assist in Maui recovery
Federal banking agencies will grant temporary exceptions to Financial Institutions Reform, Recovery and Enforcement Act appraisal requirements for real estate-related...
