Freddie Mac reported Thursday that mortgage rates edged up slightly this week, with the average 30-year fixed-rate mortgage (FRM) rising to 6.75%, up from 6.72% the previous week. The 15-year FRM also saw a modest increase, averaging 5.92%, compared to 5. …
Exactly 30 years ago, Fannie Mae and Freddie Mac adopted credit reports and their scores from FICO as a basis for mortgage credit decisions (approval or denial) and risk-based loan pricing. That FICO credit scoring monopoly is about to end after a July 8 …
ESL Federal Credit Union has been named a Home Possible RISE Award winner by Freddie Mac for the third time. The Recognizing Individuals for Sustained Excellence (RISE) Awards celebrate Freddie Mac clients that excel in providing Home Possible mortgages to …
Recent plans for a jointly owned government-sponsored enterprise entity that serves as a common securitization platform (CSP) for their bonds appear positioned as the most likely way to achieve monetization goals the Trump administration has for Fannie Mae …
12 month calendar sign set vector illustration, color signs for all months of the yeargetty Quarterly payers are the norm. But monthly dividends…. Yeah, that’s that stuff. Today we’ll chat about five monthly divvies that yield between 5.8% and 16.3% per …
When Breanna Reish decided to buy a home back in 2009, she didn’t have a lot of extra cash on hand, so she looked at foreclosures. She found an older home that had been virtually stripped to the bone, but that didn’t deter her. “We were left with a shell …
Fed Chair Jerome Powell pulled another shady stunt after Trump officials requested a tour of the so-called $2.5 billion in building ‘renovations.’ Chairman of the Board of Fannie Mae and Freddie Mac, Bill Pulte, revealed Jerome Powell offered a tour of the …
Opinion by: Margaret Rosenfeld, chief legal officer of Everstake The Federal Housing Finance Agency’s (FHFA) recent directive to explore how cryptocurrency might be included in single-family mortgage risk assessments is a welcome and long-overdue step. If …
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