President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac.
Average U.S. rates on fixed mortgages edged up this week but remained near historic lows. Low rates have helped drive the housing market’s steady recovery.
A federal agency said it is easing rules for troubled borrowers to lower their monthly mortgage payments on loans backed by Fannie Mae or Freddie Mac.
Attorneys representing all 72 Wisconsin counties in a class-action federal lawsuit against Fannie Mae and Freddie Mac are fighting to keep the case alive in the face of a request for dismissal.
Average U.S. mortgage rates rose only slightly this week and continued to hover near record lows, a trend that has helped boost home sales and refinancing.
The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis.
The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month.
Average U.S. rates on fixed mortgages tick up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.
The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.
Fannie Mae and Freddie Mac won the right to appeal a federal judge’s decision that they are liable for unpaid real estate transfer taxes in 82 of Michigan’s 83 counties.