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But the company was profitable for the second consecutive period under standard accounting principles in the third quarter.
November 3 -
Freddie Mac's survey finds the 30-year fixed loan dropped 3 basis points, but Zillow's tracker showed since the FOMC announcement, they dropped 30 basis points.
November 2 -
The resolution ends the firm's brief challenge to feds over its designation to utilize more flexible underwriting as it meets underserved borrower thresholds.
November 1 -
High interest rates and constrained inventory will take its toll on originations and securitization activity in 2024, the rating agency commented.
October 31 -
The transactions grew between second and third quarter, with the new-home market seeing one of its largest surges in cash-buying in 13 years.
October 27 -
At the same time, the 15-year fixed rate loan rose above 7% for the first time in nearly 23 years, Freddie Mac reported.
October 26 -
If the Federal Housing Administration's rulemaking on home equity conversion mortgages were to go into effect as written, borrower contributions would be reduced by thousands of dollars.
October 25 -
Home equity investment (HEI) agreements homeowners receive upfront cash payments in exchange for giving an investor a stake in the property and the right to collect returns.
October 25 -
Though home mortgage issuance has slumped in line with originations, new potential bank capital rules and increased consumer debt consolidation could boost activity for these two subsets in the secondary market.
October 23 -
While the company's long-term issuer default rating has slipped a little, affiliates of Blackstone that have a higher one back the reverse mortgage player.
October 20