FHA extends compliance deadline for face-to-face requirement for borrowers in default
FHA has extended by six months the compliance deadline for a new rule removing the face-to-face meeting requirement for certain...
Mortgage
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.84% this week. The rate for a 15-year fixed-rate mortgage was 6.02%.
Existing home sales rose 3.4% in October
Existing home sales increased 3.5% in October to a seasonally adjusted annual rate of 3.96 million, the National Association of...
New York Fed: Credit demand held steady but rejection rates rose in 2024
Credit demand remained stable in 2024 but consumers reported higher rejection rates and said they are less likely to apply...
ABA, associations: Fannie Mae, Freddie Mac should rescind property verification bulletins
Fannie Mae and Freddie Mac should rescind three bulletins revising both enterprises' property verification requirements as they have created numerous...
FHFA sets Fannie Mae, Freddie Mac multifamily loan caps for 2025
FHFA will raise the multifamily loan purchase cap for Fannie Mae and Freddie Mac to $73 billion each in 2025,...
FHFA outlines 2025 priorities for FHLBanks, housing
FHFA said it will continue to prioritize the Federal Home Loan Banks, property insurance and energy efficiency in the housing...
Mortgage rates hold steady
The rate for a 30-year fixed-rate mortgage was 6.78% this week. The rate for a 15-year fixed-rate mortgage was 5.99%.
New York Fed: Household debt reaches nearly $18T
Total household debt in the U.S. increased by $147 billion to reach $17.94 trillion in the third quarter of 2024,...
Survey: Mortgage lenders helping customers navigate tough market reap benefits
The variability in rates and higher costs for buyers increases the importance of understanding consumers’ individual situations, survey authors said.
