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The average mortgage banker's bottom line slipped further into the red than it's been since the Great Recession during the third quarter, as rates rose further, exerting more pressure on lending. Companies generally took a loss of $624 per…
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Government-sponsored enterprises Fannie Mae and Freddie Mac both announced plans this week to provide social disclosure scores for their pools of mortgage-backed securities. The inclusion of the information results from investor…
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A significant portion of consumers, 36%, are receiving only one mortgage quote when shopping for a loan, with both first-time and repeat applicants displaying similar behavior, Fannie Mae said. Furthermore, the results of the first-quarter…
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