FHFA Wants Advisory Board to Oversee Policy
The agency that oversees most U.S. mortgages wants an advisory board to help FHFA achieve its goal to create affordable, equitable and sustainable housing.
Wells Fargo Cuts Back on Mortgage Lending
The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.
Fannie Mae Lowers 2022 Home Sales Projection
Fannie Mae expects a 16.2% drop in home sales year-to-year in 2022; one month earlier it predicted 15.6%, but “housing remains clearly on the downtrend.”
Struggling Americans Will Decide if It’s a Recession
Bank of America’s CEO says it doesn’t matter if the U.S. is officially in a recession because most consumers are in good shape and can withstand economic turbulence.
NAR: Pending Home Sales Slip 1.0% in July
While small, 1% is the second monthly sales drop in a row, with 8 in the past 9 months. Year-to-year, contract signings fell by double digits in all four U.S. regions.