MarketWatch, May 2, 2024–Aarthi SwaminathanMortgage rates rose for the fifth week in a row, as the Federal Reserve holds interest rates steady. The 30-year fixed-rate mortgage rose and averaged 7.22% …
Category: Top National News
Ocwen Regains Profitability Ahead of Rebranding Set for June
National Mortgage News, May 2, 2024–Bonnie SinnockOcwen Financial’s net income got back in the black as it moved toward a rebranding next month, thanks largely to servicing gains and cost …
HUD Issues Fair Housing Act Guidance on AI Use
HousingWire, May 2, 2024-Chris ClowThe U.S. Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to …
Real Estate Map Shows Where It’s Cheaper to Rent Than Buy
Newsweek, May 2, 2024-Joe EdwardsThe idea of working hard, saving up and buying a home has always been an integral part of the American dream.Click here for more
What the Fed’s Moves Mean for Mortgages, Credit Cards and More
The New York Times, May 1, 2024-Tara Siegel BernardAmerican households who were hoping interest rates would soon decline will have to wait a bit longer.Click here for more (subscription)
Real Estate, Mortgage Industry React to Fed’s Policy Announcement
MPA, May 2, 2024-Candyd MendozaThe housing industry is abuzz following the Federal Reserve’s policy announcement on Wednesday, with economists offering varied analyses and predictions for the market.Click here for more
Secondary Mortgage Market Adjusts to Higher-for-Longer Rates
HousingWire, May 2, 2024-Bill ConroyThe housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly …
What Do Higher-for-Longer Interest Rates Mean for Your Money?
Fox Business, May 2, 2024–Megan Henney“The timing of when the Federal Reserve begins to cut interest rates is up in the air – and in an indefinite holding pattern,” said …
GSE Second Mortgages: Could They Triple Issuance?
Home Equity Lending News, May 1, 2024–Sam GarciaFreddie Mac’s proposal to begin acquiring close-end second mortgages made to borrowers whose first mortgages it already owns faces numerous hurdles. But if …
Inside America’s Priciest Resort, Where the Cheapest Homes Cost Millions
The Wall Street Journal, April 30, 2024-Jessica FlintLocated about halfway between Savannah, Ga. and Jacksonville, Fla. on Georgia’s Atlantic Ocean coast is a family-owned resort called Sea Island.Click here for …