Mortgage rates fall
The rate for a 30-year fixed-rate mortgage was 6.88% this week, down from last week when it averaged 6.94%. A year ago, the rate was 6.73%.
The rate for a 30-year fixed-rate mortgage was 6.88% this week, down from last week when it averaged 6.94%. A year ago, the rate was 6.73%.
Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities in its lending practices.
ABA’s Dan Brown and Sharon Whitaker discuss community bank exposures to commercial real estate and how community banks are managing shifts in the CRE sector.
The rate for a 30-year fixed-rate mortgage was 6.94% this week, up from last week when it averaged 6.9%.
FHFA announced that in response to public input, it is making changes to its planned implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.
New regs eliminate requirement for lenders and mortgagees to register branch offices where they originate FHA Title I or Title II loans.
The rate for a 30-year fixed-rate mortgage was 6.9% this week, up from last week when it averaged 6.77%.
FHA published the final mortgagee letter for its new loss mitigation home retention option for borrowers with agency-insured single-family forward mortgages who are behind on their mortgage payments.
In the letter, ABA called on the bureau to rescind and revise the advisory opinion and reissue it for comment from all segments, including lenders, borrowers and settlement service providers. ABA also recommended that the bureau devote broader attention to reviewing and reforming the entirety of RESPA’s Section 8 provisions.
The rate for a 30-year fixed-rate mortgage was 6.77% this week, up from last week when it averaged 6.64%.