Freddie Mac said that the 30-year fixed-rate mortgage has fallen to an average of 2.86%, the lowest rate in history dating back to 1971.
The Fed has bought so many home loans it now owns about one-third of the market.
The refinance fee has been widely criticized banking groups and the White House
The COVID-19 pandemic has thrown the mortgage industry into turmoil
The federal deficit was on track to exceed $1 trillion before the coronavirus pandemic hit and Congress started passing emergency relief packages.
The increasing demand for rent holiday to help tenants tide over likely job loss from the new coronavirus pandemic may have much wider implications for the economy, resulting from mortgage defaults and weakening of the market.
What Do Prominent Economists Say About Coronavirus? Paul Krugman, Robert Shiller, Joseph Stiglitz Comment
President Trump says he's confident the economy will shoot up once the coronavirus crisis has passed. Prominent economists are not so sure.
Fannie Mae, Freddie Mac Suspend Foreclosures For 60 Days To Provide Relief To Beleaguered Homeowners
Fannie and Freddie will suspend foreclosures for 60 days
A lawsuit filed by two former lobbyists revealed a secret plan to buy Freddie Mac from government control hatched between 2016 and 2018.
Is Government Spending Out Of Control? Latest Figures Show How Much US Budget Skyrocketed In First Quarter
Social Security payments increased by 16 billion both because of increased benefits and number of recipients.
Ex-Obama aide Bill Daley to lead Wells Fargo public affairs group
US Treasury Secretary Steven Mnuchin laid out the administration's reform plans for housing finance, including the government-sponsored enterprises known as Fannie Mae and Freddie Mac.
The 53-page Treasury Department plan is similar to a bill under consideration in the Senate.
Bernie Sanders and Elizabeth Warren say the nomination of Steve Mnuchin as treasury secretary is a betrayal of the working class.
Millennials have historically high rates of living with mom and dad, but they're set to be the key drivers behind housing market growth in 2017.
Banking Trends 2016: More Mortgages Supplied By Nonbanks Than By JP Morgan, Bank Of America, Wells Fargo, Others
For the first time, nonbanks have surpassed banks as the leading suppliers of mortgages, an industry group found.
U.S. employment increased more than expected in July and wages picked up, bolstering expectations of an acceleration in economic growth and raising the probability of a Federal Reserve interest rate hike this year.
A Jamie Dimon Manifesto: Bad Public Policy More Dangerous Than Credit Or Market Risks, JPMorgan CEO Writes
In a letter inside JPMorgan's annual report, CEO Jamie Dimon takes aim at bad public policy, which he says poses a threat to the global economy.
Home prices and home equity are starting to reach pre-housing bust levels, but consumers are more conservative than they were a decade ago.
Fannie Mae Fails To Maintain Foreclosed Homes In Black And Latino Neighborhoods, Discrimination Complaint Alleges
The National Fair Housing Alliance and 19 other groups have filed a federal discrimination complaint against Fannie Mae.
Nomura Holdings was found liable for selling faulty loans in the lead-up to the subprime mortgage crisis.
Washington bailed out the two firms in 2008 at the height of the financial crisis.
The White House plan to lower premiums on federally issued mortgages will boost homeownership but doesn't do enough to reinvigorate the market.
Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized during the crisis.
The settlement is valued at $1.2 billion after deducting the current estimated value of the low-quality securities.
Bank of America Corp. agreed to a $16.65 billion settlement with the SEC Thursday.