The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.
Read MoreCongress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.
Read MoreThe only rational strategy for holding MSRs is to be very aggressive on protecting the servicing assets via loan recapture. This is one of the chief reasons that banks have been willing to give up their share in lending and servicing as they collapse back to retail-only lending strategies.
Read MoreU.S. homebuilder optimism rose to a record in September, with low mortgage rates driving a housing boom that has boosted the pandemic economy.
Read MoreMortgage applications decreased 2.5% from one week earlier as refinance activity appears to decelerating, according to the Mortgage Bankers Association.
Read MoreThe deal brings yet another mortgage origination component under the same roof.
Read MoreLoan applications for new homes have staged a remarkable turnaround this year after falling 25% month-over-month and 12% year-to-year due to the coronavirus’ impact in April.
Read MoreThe number of homes sold in metro Baton Rouge, La., was 11.2% higher in August than the year before, continuing a hot streak triggered by low interest rates.
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