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Higher home prices drove Fannie Mae's 2023 earrings up 35% year over year, CEO Priscilla Almodovar declared during the company's earnings call. Last year, Fannie Mae earned $17.4 billion, compared with $12.9 billion the prior year. In the…
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“Interest rate cuts are a tool the Fed uses to boost economic growth, but the markets are booming and GDP growth for Q4 came in well above expectations. The labor market remains tight and wage growth is accelerating. “So, for the time…
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The Federal Home Loan Bank of San Francisco has begun accepting mortgages underwritten using Vantagescore 4.0, one of the advanced credit metrics that other government-related entities are also on track to adopt. The move announced Monday…
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