Fannie Mae and Freddie Mac recorded sharp declines in new business volume during the first quarter of 2018 despite a promising launch into the spring homebuying season.
Nonbanks accounted for just over half of the total first-lien mortgage production by the top 100 lenders in the market, according to a new Inside Mortgage Finance analysis and year-end tally.
If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...