FHFA imposes a $140B cap to GSEs’ multifamily loan purchases in 2024
Government sponsored-enterprises (GSEs) Fannie Mae and Freddie Mac will each have a $70 billion cap for multifamily loan purchases in 2024, the Federal Housing Finance Agency (FHFA) announced Tuesday.
The combined $140...
U.S jobs report surprises to the upside
The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up...
How Rocket Pro TPO plans to bring court more brokers in 2024
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, hopes to woo brokers with a slew of product enhancements and services.
Rocket Pro TPO‘s...
Canadian mortgage lender rolls back activities in flood-prone zones
The Desjardins Group, a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. That is...
Ginnie Mae revises definition of high-balance loans in new guidance
Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this...
The blessing of constraints and other lessons learned from 2023
Is 2023 a year to forget? That’s what we’re supposed to say after a tough year, right? In the case of the mortgage...
Class Valuation acquires AMC Valuation Connect
Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect, formerly a subsidiary of...
First American is the latest cybersecurity attack victim
First American is the latest real estate firm to suffer a cybersecurity incident.
Sources told HousingWire the incident occurred Wednesday afternoon, with First American...
Fathom Realty to raise agent fees in 2024 to boost earnings
Flat-fee real estate brokerage Fathom Realty will hike its agent fees in 2024 to bolster the company’s revenue by more than $3 million...
The average IMB lost $1,015 per loan in Q3, nearly doubling Q2 losses: MBA
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in...
