Why This Housing Downturn Isn't Like the Last One The pandemic housing boom is over. The bust will look nothing like the last one. Bangkok Post · Dec 25, 2022
US government to back mortgages of more than $1 million The federal government plans to back mortgages of more than $1 million, catching up with the dramatic rise in U.S. home prices in recent years. Tribune News Service · Nov 29, 2022
Check out UFB Direct—an online bank offering savings products with APYs of at least 5% Savers might find that UFB’s high rates complement their existing banking relationship. Fortune · Nov 3, 2022
Mortgage interest rates are rising. If you’re looking at adjustable-rate loans, know the risks A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown. Los Angeles Times · Apr 7, 2022
Buying or selling a condo? 6 key takeaways from new US mortgage rules prompted by Surfside collapse In the wake of the Champlain Towers South collapse in Surfside, Florida last year, the two federally chartered agencies that back most residential mortgages in the country, Freddie Mac and Fannie Mae, have instituted new rules requiring lenders to verify the condition of condominium buildings before approving loans. Miami Herald · Feb 24, 2022
If You Invested $1,000 In Fannie Mae Stock One Year Ago, Here's How Much You'd Have Now Investors who have owned stocks over the last year have generally experienced some decent gains. In fact, the SPDR S&P 500 SPY (NYSE: SPY) total return over the last 12 months is 15.3%. But there is no question some big-name stocks performed better than others along the way. Benzinga · Feb 18, 2022