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The rate at which consumers prepaid their home loans soared to heights not seen in 24 months in August, suggesting most of those identified as having incentives to refinance did so. The prepayment rate of 0.62% was nearly 5% higher than…
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“We believe in competition and a fair marketplace and consumer shopping,” NAMB president Valerie Saunders told MPA in an interview early this year. “That is a key component for borrowers getting the best mortgage for themselves. However,…
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The regulator and conservator for Fannie Mae and Freddie Mac has agreed to beef up flood insurance examination measures at the recommendation of its inspector general. The actions the Federal Housing Finance Agency agreed to come as a…
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