HW Insiders nominations are now open!

Nominations for the 2022 HW Insiders opened this week, celebrating the operational all-stars in housing. These individuals are a critical part of their company’s success and often their company’s best-kept secret. Last year’s honorees represented a wide range of skillsets and — for the first time ever — HousingWire selected

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Fannie Mae to sell $1.6B reperforming loan pool

Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57 billion. The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans

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Mortgage credit availability falls 0.9% led by shrinking refis

Mortgage credit availability dipped for three consecutive months, largely due to shrinking refinance loans, according to the monthly Mortgage Credit Availability Index, (MCAI) which fell by 0.9% to 120 in May, the lowest level since July 2021, according to the Mortgage Bankers Association. A decline of the index, benchmarked to

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Purchase mortgage rates jump to 5.23% Freddie Mac PMMS shows

After falling for three consecutive weeks, purchase mortgage rates jumped 14 basis points, reflecting the expectation that the Federal Reserve (The Fed) will maintain its tightening monetary policy to fight inflationary pressures. According to the latest Freddie Mac PMMS, purchase mortgage rates this week averaged 5.23%, compared to 5.09% the week prior.

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