Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.91 percent.
“This year has been anything but normal and
The typical home that sold in the four weeks ending August 16 was 3.7%
Two Houston-area family members have been ordered to federal prison following their convictions on multiple counts to include conspiracy, bank fraud, false statements on credit applications, wire fraud and mail fraud, announced U.S. Attorney Ryan K. Patrick.
A federal jury deliberated
Freddie Mac (OTCQB: FMCC) announced today that it has priced its STACR 2020-DNA4 offering. Investor demand led Freddie Mac to increase the planned size of
Mortgage applications decreased 6.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 21, 2020.
The Market Composite Index, a measure of mortgage loan application volume, decreased 6.5
MBA Statement by President and CEO Bob Broeksmit, CMB, regarding changes to the GSEs’ adverse market refinance fee:
“We welcome today’s announcement from the FHFA amending the recently announced Adverse Market Refinance Fee from Fannie Mae and Freddie Mac. Extending the
MARKET COMMENT
Mortgage bond prices finished the week higher which put downward pressure on rates. Rates improved slightly Monday through Wednesday. We saw some selling pressure both Wednesday and Thursday afternoons into Friday morning. The 20 Year Treasury bond auction showed
Fannie Mae (FNMA/OTCQB) today announced the results of its sixteenth reperforming loan sale transaction. The deal, which was announced on July 28, 2020, included the sale of approximately 18,190 loans totaling $3.37 billion in unpaid principal balance (UPB), divided into
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 7.21% of servicers’ portfolio volume in the prior week to 7.20% as of August 16,
