Mortgage Finance News

By Sara Sutachan | Relevant news pertaining to real estate finance.

In Quest to Quell Lender Buyback Fears, Freddie to Boost QC Tech

Freddie Mac is working to integrate three existing loan review tools and is developing a fourth that assesses collateral risk to provide lenders with …

New Group Wants Housing on Presidential Candidates' Agendas

A bipartisan group of housing experts is seeking to inject more discussion about the mortgage market into presidential campaigns.

Mortgage rates drop below 4 percent

With the Federal Reserve planning to hike rates later this year, buyers should enjoy the low rates while they last. As of late August, the average …


Credit availability is key to full housing market recovery

Further loosening of credit standards is needed in order for the housing market recovery to benefit some harder-hit markets, according to Pro Teck …


If Actual Rent Prices Were Motivational Posters

Paying rent sucks, especially when you live in such a tough housing market. But did you know it's actually possible to buy a house here before you …


Oakland sues Wells Fargo for mortgage discrimination

The city of Oakland, California is the latest municipality to sue one of the nation’s largest banks, accusing Wells Fargo (WFC) of allegedly steering …

Real Estate

Federal Housing Finance Agency indexes homes near previous peak

U.S. home prices rose 5.8 percent year-over-year in July, with all nine regions experiencing increases. According to the Federal Housing Finance …


Are lending standards really easing?

Perhaps you have heard that it's getting easier to get approved for a mortgage to buy a home. The first-time buyers you work with don't seem to be …

Home Ownership

4 Reasons Lenders Should Love TRID

There's no shortage of advice, opinions and ideas for how to brace for the impact of TILA-RESPA Integrated Disclosures. But with all the …

A Millennial just wrote the dumbest article about money in the history of ever

Look, I don’t like criticizing another writer’s work. We’re all out here banging away at the keyboard trying to create something that people …


Wells Fargo to Raise Minimum Credit Scores on FHA Loans

Wells Fargo is raising minimum credit score requirements on Federal Housing Administration loans, part of the ongoing jockeying by large banks to …

Lenders report loosening mortgage credit standards

For the first time in seven quarters, mortgage lenders are reporting an easing of lending standards across all loan types, according to Fannie Mae’s …


Wells Fargo to Raise Minimum Credit Scores on FHA Loans

Wells Fargo is raising minimum credit score requirements on Federal Housing Administration loans, part of the ongoing jockeying by large banks to …

Fannie Mae: Lenders say it's now easier to get a mortgage

Lenders witnessed an easing in lending standards across all loan types over the third quarter, according to Fannie Mae’s third quarter 2015 Mortgage …


It's official: Fed punts on interest rate hike

The Federal Reserve said today it is not raising federal funds interest rate this month.

"To support continued progress toward maximum employment and …

Federal Reserve

Owning a Home > Consumer Financial Protection Bureau

Explore interest ratesBETA

If you are shopping for a mortgage, you might be wondering: What interest rates can I expect? Use this tool to see the …


Pitfalls for the Unwary Borrower Out on the Frontiers of Banking

Silicon Valley has helped enhance just about every aspect of modern life. Naturally, Mohammad Mansour figured it could help solve his money problems, too.

Mr. Mansour borrowed $7,680 from Lending Club, a San Francisco lender offering loans more conveniently and with lower interest rates than a …


How to help your client select the best mortgage for their big adventure


Understanding the different mortgage options and products is the single most important value-add agents can bring to their buyers and


America’s most (and least) affordable housing markets

Some people spend up to 77% of their income on their mortgage.

How much of your income do you spend on your mortgage every month?

Over the past year, affordability for homebuyers has fallen in 89 of the 100 largest housing markets thanks to rising home prices and stagnant income growth in many …


U.S. mortgage applications fall in latest week: MBA

SAN FRANCISCO (Reuters) - Applications for U.S. home mortgages fell last week as interest rate edged lower, an industry group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase …


Tidal wave of underwater homes may be drying up

A week after reporting that short sales and sales of real estate owned (REO) properties this June fell to their lowest June rates since 2007, …

Real Estate

A mortgage program to better serve the next generation of borrowers

Fannie Mae, the largest single source of mortgage funding in the United States, recently took a big step toward recognizing that today’s homebuyers …


FHA’s new performance metric could open the credit box

We’ve been talking for many months about the need to open the credit box so that more borrowers with less-than-pristine credit can obtain mortgages. …


Urban Institute: Opening the credit box

The Urban Institute's Housing Finance Policy Center has just published two new blogs.

The first, "FHA’s new performance metric could open the credit …


Marketing Resources

Down Payment Resource designed customizable flyers for use by REALTORS® in our MLS markets to show buyers how you can help them find their down …

Internet Marketing

The Fed’s starring role

The Federal Reserve meeting will be the scene-stealer in this week's economic news.


3 things to know before you buy your 1st home

You'd like to buy your 1st home but don't know where to start. Here's some guidance.

SoFi continues lending boom, surpasses $4B in funded loans

San Francisco-based SoFi continues to make waves in the industry and has officially surpassed $4 billion in funded loans across mortgages, personal …


Distressed home sales on pace to fall to pre-crisis levels by 2018

Takeaways: Short sales and sales of real estate-owned (REO) properties this June fell to their lowest June rates since June 2007, CoreLogic reported …

Real Estate