While borrowers are getting pinched by rising interest rates, senior savers are seeing meaningful returns for the first time in decades, former ABA Chair Laurie Stewart said in an interview on NPR’s “Marketplace” program last night.
Previously, only insurance obtained through the National Flood Insurance Program was permissible for FHA-insured mortgages.
One in three Gen Z adults—those age 18 to 25—say that owning a home seems out of reach for them financially, according to a new survey fielded by Freddie Mac.
The overall capital ratio of the Mutual Mortgage Insurance Fund increased by three percentage points during the 2022 fiscal year to end at 11.11%, which is well above the statutory minimum of 2%, according to the Federal Housing Administration’s annual report to Congress released today.
The average mortgage customer experience has become increasingly commoditized, with few lenders finding a way to stand out from the competition, according to a new survey by J.D. Power.
A customer-first approach has the potential to unlock serious growth.
Banks of all sizes access the innovation ecosystem through in-house development, fintech partnerships, acquisitions and venture investment. Huntington Bank does all four.
The Federal Housing Finance Agency today announced the approval of the FICO 10T and the VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac.
Ginnie Mae announced Friday it has pushed back the implementation date of the risk-based capital requirement from next year to Dec. 31, 2024.
Racial bias has played “a limited role” in recent years in generating disparities seen in mortgage lending denials, according to a recent study published by the Federal Reserve.