Mortgage rates fall
The rate for a 30-year fixed-rate mortgage averaged 6.77% this week, down from last week when it averaged 6.89%.
Mortgage
Federal agencies finalize rule on automated valuation models
Six federal agencies issued a final rule to regulate the credibility of algorithmic models used in real estate valuations.
ABA, associations seek more time for comment on mortgage servicing proposal
ABA and seven financial sector associations requested that the CFPB extend by at least 30 days the comment period for...
FHFA’s unforced error could be costly to taxpayers
In approving Freddie Mac’s second-lien purchase program, FHFA shows that memories are short and hard lessons don’t stay learned.
Nonbanks accounted for two-thirds of mortgage transactions in 2023
Federal data shows the share of mortgages originated by nondepository, independent mortgage companies accounted for 68.8% of first lien, home-purchase...
Mortgage rates tick down
The rate for a 30-year fixed-rate mortgage averaged 6.89% this week, down from last week when it averaged 6.95%.
Fannie Mae, Freddie Mac release historical data for credit score transition
FHFA announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to...
CFPB releases mortgage servicing proposal, overhauls loss mitigation framework
The CFPB released a proposed rule to amend Regulation X’s mortgage servicing provisions, which would result in a major overhaul...
FHFA, CFPB release updated mortgage origination data
The 2024 release includes—the first since December 2022—includes data on three new survey questions first fielded in 2021.
Podcast: What the C-suite needs to know about redlining enforcement
"We're in some new territory," says Andrea Mitchell. "It's important for CEOs to understand what their compliance officers are seeing...
