Mortgage rates hold steady
The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.71%.
Mortgage
FHA formalizes use of alternative credit scoring models
FHA published a mortgagee letter to formalize the use of VantageScore 4.0 and FICO Score 10T alongside Classic FICO to...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.73%.
GAO finds new trigger leads restrictions could have longer-term benefits
New federal restrictions to curb abusive trigger leads should reduce the volume of unwanted solicitations homebuyers receive, with research showing...
ABA, associations urge housing agencies to seek uniformity in appraisal modernization
As they seek to implement appraisal modernization legislation passed by Congress, the most efficient approach for federal housing agencies would...
New survey probes community banks’ plans for digital assets
Double-digit shares of community bankers intend to offer tokenized deposits and stablecoin solutions within the next 12 months, according to...
ABA DataBank: Lock-in effect weighs on existing home sales
As mortgage rates rise, the “lock-in effect” is likely to intensify as more homeowners are discouraged from moving or buying...
Mortgage rates climb
The rate for a 30-year fixed-rate mortgage was 7.28% this week. The rate for a 15-year fixed-rate mortgage was 6.6%.
Fannie Mae, Freddie Mac announce ABA-backed UAD 3.6 policy exceptions
Freddie Mac and Fannie Mae announced that they are providing a temporary policy exception for lenders that cannot meet the...
Growth in home prices continued to speed up in July
Home prices increased 1.9% in July compared to the same month a year ago, up from a 1.6% rise the...
