Although Fannie Mae and Freddie Mac are animals of the secondary market, the FHFA director said they have programs that can increase the amount of housing available.
With home-equity lending suppressed due to tight underwriting standards, nonbanks are finding some success in equity-sharing agreements. The risk: The products may be classified as loans.
When the going gets tough in mortgages, the tough retire. Then again, they can afford to, having made so much money the past two years. But who might replace all those graying CEOs?
Mortgage bankers far and wide are trimming employees as interest rates continue to rise and refinance wane. But industry employment figures look benign. How can that be?
Some top-ranked government lenders relied entirely upon retail production, including Navy Federal Credit Union, New American Funding, PrimeLending, Regions Financial and Angel Oak...