Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer, which would swap current investor bonds due in 2025 with new bonds due one to four years later. The current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped…
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Rocket Companies CEO Varun Krishna joins ‘The Exchange’ to discuss the Fed’s impact on mortgage rates, the state of the housing market, and more.
If Donald Trump wins a second term in the White House, he’s going to attempt to return Fannie Mae and Freddie Mac to private status after more than 16 years under federal conservatorship. That’s according to Mark Calabria, the former head of the Federal Housing Finance Agency (FHFA) under Trump. As for the mechanics of…
The federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans. The Department of U.S. Department of Housing and Urban Development (HUD) on Tuesday also will publish a new final rule in the Federal Register to expand accepted communication methods for counseling clients. Zillow advertising partnership Zillow is…