Fannie Mae, Freddie Mac to back mortgages over $1M
The FHFA announced higher mortgage loan limits surpassing $1 million, giving borrowers access to larger loan amounts without taking out a jumbo mortgage.
Digital mortgages to enter a new, faster (and cheaper) era in year ahead
As the housing market slows, lenders will look to use more time investing in technology and making mortgages faster, easier and cheaper, according to one mortgage expert.
Fannie Mae's new rent reporting program helps renters build credit
Fannie Mae introduced a new rent reporting program that will allow renters to build credit and could open a path to homeownership.
Republicans likely take House, Senate undecided: What midterm election means for you
Here's where the midterm election results stand, and what it means for the future economy.
Credit card borrowers slip back into pre-pandemic habits, TransUnion says — here’s how to pay off your debt
Consumers are paying less toward their credit card balances than they did during the pandemic, according to TransUnion. Here are ways to help you pay down your debt quicker.
Housing market will lead us into a recession, and will lead us out: MBA forecast
While the housing market could bring the economy into a recession next year, it could also bring it out, economists at the Mortgage Bankers Association (MBA) conference said.
Home prices to decline in 2023, recession ahead: Fannie Mae forecast
Fannie Mae forecasted that home prices will fall in 2023 and that GDP could contract once again at the end of this year. And while it predicted that a recession next year could be mild, it said there are still risks that could create a larger financial crisis.
Biden’s student loan forgiveness plan temporarily blocked by US appeals court
President Biden's student loan forgiveness has been placed on hold temporarily as Republicans argue against the debt cancellation in court.
Home price growth slips in August for fourth consecutive month: CoreLogic
Annual home price growth slowed in August for the fourth consecutive month, but still posted double-digit gains, according to CoreLogic. Here's how to tap into your equity gains.