Mortgage Rates Continue to Rise
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that fixed mortgage rates rose for the third consecutive week. Sam Khater, Freddie Mac’s chief economist, says, “After dropping dramatically in late
New York Woman Sentenced To 27 Months In Prison For Investment Fraud Scheme
A New York woman was sentenced to 27 months in prison for running an investment scheme that defrauded victims of hundreds of thousands of dollars, U.S. Attorney Craig Carpenito announced. Alisa Adler, 58, previously
Financial Independence: The Ultimate Goal and Biggest Hurdle for Today’s Early Adults, Merrill Lynch Study Finds
Young Women Far Outpacing Men, Despite Greater Student Debt and Other Headwinds A new study by Merrill conducted in partnership with Age Wave finds that financial independence defines adulthood today (75 percent) – more
U.S. Economy Still on Track to Slow in 2019
Housing Market Supported by Lower Rates, Improved Wage Growth Headline economic growth for 2019 continues to be forecast at 2.2 percent, down from 3.0 percent in 2018, according to the Fannie Mae Economic and Strategic
Independent Mortgage Bankers’ Production Volume and Profits Down in 2018
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association (MBA)
Ginnie Mae launches Platinum product for HECM Securities
Ginnie Mae announced today that investors in Ginnie Mae mortgage securities backed by Home Equity Conversion Mortgages (HECMs) can now take advantage of a new Platinum securities execution — the Home Equity Conversion Mortgages
EPA Honors Fannie Mae with Fifth Consecutive ENERGY STAR Award
Fannie Mae® (OTCQB: FNMA) is proud to announce that it received the 2019 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA). An ENERGY STAR partner since 2011, Fannie Mae Multifamily
Two Trends Boosting Home Buyer Demand This Spring, According to First American Potential Home Sales Model
We expect rising wages and lower mortgage rates to continue through the spring, boosting housing demand and spurring home sales, says Chief Economist Mark Fleming First American Financial Corporation (NYSE: FAF), a leading global provider
Top of Mind Networks Ranked Number One Mortgage CRM System in Recent Technology Study
Top of Mind Networks, a leader in customer relationship management and market automation software for the mortgage lender and real estate industries, has been ranked the number one most used mortgage customer relationship management
Home Building Employment Across States and Congressional Districts
A new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state and congressional district. NAHB Economics estimates that out of 10.3 million people working in construction