When COVID-19 drove working professionals out of the office, it sparked a surge in home buying that
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 2.94 percent.
“Since the most recent peak in April, mortgage rates have
Yesterday, RONALD J. MCCORD, 70, of Oklahoma City, pleaded guilty to defrauding two locally-based banks, Fannie Mae, and others through a broad range of fraudulent conduct over the course of three years, announced Acting U.S. Attorney Robert J. Troester.
McCord was the
Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The
Every month the jobs report is closely watched. But the April report has some special significance. Late last year the jobs recovery stalled as cases of COVID soared. But lately we have had better news. In March we
Complex income situations on mortgage applications can create incremental work for mortgage bankers and brokers as they look to review and
Mortgage credit availability increased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.
The MCAI rose by 2.2 percent to
More than 1 in 10 Americans say they moved in the past year, often driven by
Pilar Rose, 58, Fresno, California was charged today with bank fraud, tax evasion, obstructing an IRS tax audit, and aggravated identity theft.
According to court documents, Rose, who managed her husband’s orthodontics practice, committed bank fraud by submitting false financial information
The number of buyers who locked in mortgage rates for second homes soared 178% year over year in
