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Mortgages

With mortgage delinquencies at a low, can lenders afford to loosen up a bit?

by Amy Scott
May 14, 2019
Consumer advocates say it's time to loosen restrictions imposed after the housing collapse.
A foreclosure sign.
Joe Raedle/Getty Images
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The tax overhaul's impact on the housing market? It's complicated.

by Marielle Segarra
Apr 16, 2019
Research by the New York Fed connects the two.
Photo by Tim Boyle/Getty Images
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FHA tightens standards on insuring home loans

by Erika Beras
Mar 25, 2019
The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans. Click the audio player above to hear […]
The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona.
RICHARD A. BROOKS/AFP/Getty Images
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Divided Decade

Divided Decade: How the financial crisis changed housing

by Tommy Andres
Dec 17, 2018
Ten years ago the economy broke and changed the way we live.
There are now more renters than homeowners in almost half of major U.S. cities, according to census data from 2006 through 2016. Above, a residential area near Pittsburgh in 2010.
Bruce Bennett/Getty Images
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What layoffs in the mortgage industry say about our economy

by Justin Ho
Nov 16, 2018
It’s been a year of transition for Wells Fargo after a series of scandals in its consumer banking business. The company’s paid billions of dollars in penalties and just announced it’s cutting 900 jobs in its mortgage division. The job cuts are part of a big restructuring plan the bank announced back in September, with […]
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Re-Fi? Standby … Rates are not great right now

by Andy Uhler
Oct 19, 2018
Five years ago, refinancing made up 75 percent of the mortgage business. Today, it’s just around 37 percent. With climbing interest rates, demand has dipped and the mortgage industry is poised to shed jobs. Click the audio player above to hear the full story. 
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Re-Fi? Standby … Rates are not great right now

by Andy Uhler
Oct 19, 2018
Five years ago, refinancing made up 75 percent of the mortgage business. Today, it’s just around 37 percent. With climbing interest rates, demand has dipped and the mortgage industry is poised to shed jobs. Click the audio player above to hear the full story. 
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Mortgage rates hit highest level in 7+ years

by Jed Kim
Oct 12, 2018
It’s getting more expensive to get a mortgage. Data out this week from Freddie Mac shows the average 30-year fixed-rate mortgage is 4.9 percent. That’s the highest it’s been in seven years. What does that mean for prospective home buyers?   
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At $6 trillion, "tappable" home equity reaches new high

by Amy Scott
Sep 26, 2018
So far, homeowners are resisting cashing out.
David McNew/Getty Images
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Divided Decade

Freddie Mac CEO: "The mortgage system is very safe and sound"

by Amy Scott
Sep 6, 2018
Donald Layton on the U.S. housing market 10 years after the financial crisis.
Freddie Mac CEO Donald Layton announced he is retiring this week.
Freddie Mac
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