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Tag: Mortgage Banks/Real Estate Credit
3 months ago
wsj.com

Mortgage Buydowns Are Making a Comeback

Soaring interest rates have revived a product that fell out of favor after the financial crisis.

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4 months ago
wsj.com

Fed Rate Increases Are Squeezing Consumer-Finance Companies

Companies that offer auto loans, mortgages and buy-now-pay-later programs are retrenching.

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4 months ago
wsj.com

U.S. Government to Backstop Mortgages Above $1 Million Mark for First Time

The scheduled increase in loan limits reflects a rise in home prices and stokes debate over Washington’s role in home...

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4 months ago
wsj.com

Housing Agency Reports Record Financial Cushion as It Braces for Market Downturn

The FHA’s capital reserves rise to $141.7 billion, up $42 billion from 2021, giving officials room to trim mortgage c...

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6 months ago
wsj.com

Mortgage Rates Rise to 6.7%, Highest Since 2007

Mortgage rates rose to their highest level in more than 15 years, a new postcrisis high that adds pressure to the alr...

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6 months ago
wsj.com

Mortgage Rates Rise for Fifth Week in a Row, Hitting 6.29%

It was the second week in a row that rates topped 6%. The last time rates were this high was October 2008, when the U...

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6 months ago
wsj.com

After Years of Low Mortgage Rates, Home Sellers Are Scarce

Many homeowners locked in the “golden handcuffs” of low mortgage costs find it too daunting to sell their homes now t...

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7 months ago
wsj.com

Rising Mortgage Rates Complicate Decision on Buying Versus Renting

The costs of buying and renting have both risen rapidly, but mortgage payments are the highest on record relative to ...

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7 months ago
wsj.com

Mortgage Rates Rise to 5.66%

Mortgage rates increased for the second week in a row and is nearly double the rate from a year earlier.

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7 months ago
wsj.com

Review of Federal Home-Loan Banks Is Planned

The Federal Housing Finance Agency is eyeing a potential revamp for the Federal Home Loan Banks, a nearly $1 trillion...

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about 1 year ago
wsj.com

Mortgage Rates Hover Near 4%, Stressing Buyers Before Spring Selling Season

The average rate of a 30-year fixed loan remains near its highest level in three years.

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about 1 year ago
wsj.com

Home-Price Growth Hit Record in 2021

The S&P CoreLogic Case-Shiller National Home Price Index rose 18.8% in the year that ended in December, unchanged fro...

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about 1 year ago
wsj.com

Surfside Tower Collapse Makes Buying Condos More Complicated

Fannie Mae and Freddie Mac are asking mortgage lenders more questions about safety and structural soundness of condos...

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about 1 year ago
wsj.com

Mortgage Rates Close In on 4%, Making Home Affordability Tougher

The average rate for a 30-year fixed-rate loan was the highest since May 2019.

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about 1 year ago
wsj.com

U.S. Housing Affordability Worsens

The median sales price for single-family existing homes was higher in the fourth quarter compared with a year ago for...

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about 1 year ago
wsj.com

U.S. Households Took On $1 Trillion in New Debt in 2021

The increase, the largest since 2007, was largely the result of a big jump in mortgages and auto loans.

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about 1 year ago
wsj.com

Mortgage Rates Jump to Highest Level Since March 2020

Rates have now risen for three straight weeks, but still remain near historic lows. Higher borrowing costs, combined ...

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about 1 year ago
wsj.com

Germany Fights Soaring Home Prices With Curbs on Mortgage Lending

The country’s financial regulator said mortgage lenders should be conservative following a house-price boom as some G...

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about 1 year ago
wsj.com

Rocket Feasted on Low Interest Rates to Become Mortgage King, but Now Comes the Hard Part

The biggest U.S. mortgage lender must convince investors that it can keep growing even if rates rise and refinancings...

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about 1 year ago
wsj.com

Mortgage Rates Hit Highest Levels Since Spring 2020

The increase is driving up the costs associated with home buying at a time when home-sales prices are already near re...

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about 1 year ago
wsj.com

Red-Hot Housing Market Fuels Mortgage Borrowing Record

Mortgage lenders issued $1.61 trillion in purchase loans in 2021, beating a record set in 2005, as a wave of American...

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about 1 year ago
wsj.com

U.S. Home-Price Growth Slowed in October

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan ar...

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over 1 year ago
wsj.com

Biden to Nominate Sandra Thompson to Lead Fannie and Freddie’s Overseer

The acting director of the Federal Housing Finance Agency has the support of industry groups and key Democrats.

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over 1 year ago
wsj.com

Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million

Starting next year, home buyers in high-cost areas of the country will be able to borrow nearly $1 million for a mort...

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over 1 year ago
wsj.com

Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million

Starting next year, home buyers in high-cost areas of the country will be able to borrow nearly $1 million for a mort...

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over 1 year ago
wsj.com

Fannie Mae, Freddie Mac to Back Home Loans of Nearly $1 Million as Prices Soar

A scheduled increase in loan limits is a boon for borrowers but also stokes debate over the government’s role in the ...

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over 1 year ago
wsj.com

Mortgage Bond Sales Surged in October

Mortgage companies issued $21 billion of mortgage-backed bonds in October, the second heaviest month of borrowing sin...

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over 1 year ago
wsj.com

JPMorgan’s $30 Billion Racial Equity Pledge, One Year Later

The bank says it has committed $13 billion in loans and spending, with the bulk going to affordable housing.

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over 1 year ago
wsj.com

Mortgage Payments Haven’t Been This Unaffordable Since 2008

Supercharged home prices in markets across the country are canceling out the impact of modestly higher incomes and hi...

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over 1 year ago
wsj.com

Freddie Mac Finds Home Appraisals in Black, Latino Areas More Likely to Fall Short

Black homeowners and buyers have long reported encountering obstacles in the appraisal process, and Freddie Mac resea...

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over 1 year ago
wsj.com

Startup Firms Help Home Buyers Win Bidding Wars With All-Cash Offers

Some of these companies front buyers the cash to buy their homes outright, while others buy houses directly on a buye...

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over 1 year ago
wsj.com

Mortgage Borrowers Who Get the Jab Face Reduced Tab

Lenders want borrowers to keep their jobs so they’re paying them to get vaccinated.

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over 1 year ago
wsj.com

WSJ News Exclusive | White House to Unveil Steps Aimed at Easing Housing Supply Shortage

The changes would draw upon the administrative authority of government regulators such as the Federal Housing Finance...

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over 1 year ago
wsj.com

Fannie Mae Aims to Make Home Loans More Accessible

Mortgage finance giant intends to help lenders factor rent payments into the loan-underwriting process.

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over 1 year ago
wsj.com

Citigroup Reaches First Deal of Jane Fraser’s Refresh, Selling Australian Consumer Bank

NAB, one of the four dominant banks in Australia, will pay Citigroup about $184 million for its book of consumer mort...

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over 1 year ago
wsj.com

Eviction Moratorium’s Renewal Squeezes Small Landlords

Many individual property owners have struggled to collect their monthly rent checks and some have gone into forbearan...

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over 1 year ago
wsj.com

Derby’s Take: Powell Pushes Back on Tapering Mortgage Buying More Aggressively

While the timing of a pullback in the Federal Reserve’s bond buying stimulus campaign remains uncertain, some of the ...

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over 1 year ago
wsj.com

WSJ News Exclusive | New Aid Planned for Mortgage Borrowers at Risk of Foreclosure

The Biden administration seeks to reduce monthly payments by up to 25% for those with federally backed mortgages who ...

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over 1 year ago
wsj.com

Mortgage-Refinance Fee to Be Dropped by Fannie Mae, Freddie Mac

Starting Aug. 1, the government-backed mortgage giants will stop charging a 0.5% refinance fee that was imposed last ...

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