Mortgages

A change in investor sentiment toward an expected pause by the Fed in short-term rate hikes was the driving force behind the current surge, Freddie Mac said.

But when compared past periods of upheaval, those rates remain relatively low, the Mortgage Bankers Association report showed.

The 30-year average for both conforming and jumbo loans jumped more than 20 basis points, according to the Mortgage Bankers Association.

Citing "changing market dynamics," the company announced it will exit mortgage lending this summer.

The regional bank made the deal as part of an effort to bolster liquidity following turmoil among its peers.

As the Federal Housing Finance Agency considers how to prepare the system for the future, it can keep member liquidity steady while still boosting affordable housing.

As part of its receivership of Signature Bank, the agency was given the stock to sell by June 8.

The CEO of Kind Lending chatted about his current and past businesses, how to build a successful shop and his upcoming book.

The state lost almost 48,000 people by mid-2022 from two years before, according to Census Bureau estimates, spurring concern about outmigration that will curb long-term economic growth.

The move cancels the fee Fannie Mae and Freddie Mac would have imposed on certain loans for which the borrower's total debt exceeded 40%.