Refi Boom? Mortgage Applications Surge As Rates Plunge. – Mortgage applications surged an impressive 26.8% WoW – the largest jump since Jan 2015 – led by a massive spike in refis as mortgage rates tumbled alongside the Treasury market. 30Y rates dropped back below 4.00% – the lowest since Jan 2018. Prompting a sudden 46.5% surge in refinancing activity (which we saw also saw [.]
Freddie Mac Pushes Out Foreclosure Timelines As the housing market came crashing down in 2008, the giant mortgage company Fannie Mae took an unprecedented step to help tackle the rising tide of foreclosures. It named an exclusive group of law.Calabria: Ending the net worth sweep is step one of GSE reform, IPOs are an option FHFA: Principal reduction would cost Fannie, Freddie $100 billion The FHFA stands firm The federal housing finance agency (fhfa), the conservator of Fannie Mae and Freddie Mac told lawmakers in a letter today that forcing the two to write down the principle on.There is nothing worse than having a consumer respond to an offer and apply only to find that they don’t qualify for one reason or another. high quality data that is sourced from a reputable vendor.