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Lending (1019)

Mortgage Rates Hit Highest Level Since May 2020

U.S. long-term mortgage rates have rung in the new year in style, with a key benchmark climbing higher than at any point in 2021. So reports CNN. Read more...

One Spicy Neighborhood: FHFA Flags Evidence of Racial Bias in Home Appraisals

Some home appraisers still use potentially race-related language in neighborhood descriptions used for home valuations, a study by the Federal Housing Finance Agency has found. So reports MarketWatch. Read more...

FHFA Proposes Requiring GSEs to File Annual Capital Plans

The Federal Housing Finance Agency has issued a proposed rule that would require Fannie Mae and Freddie Mac to present annual capital plans. So reports ABA Banking Journal. Read more...

MBA Cheers Biden’s Nomination of FHFA Director

The Mortgage Bankers Association has issued a statement applauding President Joe Biden’s recent nomination of Sandra Thompson as director of the Federal Housing Finance Agency. Read more...

Fed’s Tapering Plan Is Poised to Push Up Mortgage Rates

The Federal Reserve’s recent decision to taper its bond buying more quickly than previously planned is set to send long-term mortgage rates upward. So reports CNBC. Read more...

Bodnar of MMG: Inflation, Rates and More

Bill Bodnar of The Mortgage Market Guide discusses inflation, rates and more in this week's video.  Read more...

Borrowers Rush to Refinance Before Rates Go Up

Mortgage refinance activity has jumped in the latest week amid projections that interest rates will rise in 2022. So reports CNBC. Read more...

Swelling Loan Sizes May Pose Risk for Mortgage-Backed Securities

The federal government’s recent move to raise the limits on the size of mortgage loans backed by Fannie Mae and Freddie Mac could hamper the performance of mortgage-backed securities in 2022. So reports Bloomberg. Read more...

Pension Fund Drops Lawsuit Against Dan Gilbert

The board of the Detroit Police and Fire Pension Fund has said that it will withdraw an insider-trading lawsuit against Dan Gilbert, controlling stakeholder of Rocket Mortgage and Quicken Loans parent Rocket Companies. So reports The Detroit News. Read more...

Weekly Mortgage Rates Tick Lower Ahead of Fed Meeting

U.S. long-term mortgage rates have posted another stable week as the Federal Reserve heads into its December 14-December 15 meeting. So reports the Associated Press. Read more...

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