The White House released its plan to end government stewardship of the companies that control half of all mortgages in the U.S.
A Trump administration plan for reform is expected soon.
The Federal Housing Finance Agency this week announced a new rule that will open up competition for which score, or scores, Fannie Mae and Freddie Mac use.
New home sales are down, even though mortgage rates are down, too. But low mortgages aren't the deciding factor when it comes to buying a home.
Consumer advocates say it's time to loosen restrictions imposed after the housing collapse.
Research by the New York Fed connects the two.
The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the…
Ten years ago the economy broke and changed the way we live.
It’s been a year of transition for Wells Fargo after a series of scandals in its consumer banking business. The company’s paid billions of dollars in penalties and just announced it’s cutting 900 jobs in its mortgage division. The job…
Five years ago, refinancing made up 75 percent of the mortgage business. Today, it’s just around 37 percent. With climbing interest rates, demand has dipped and the mortgage industry is poised to shed jobs. Click the audio player above to…