Home price growth, low mortgage rates boost MMI fund

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. The capital ratio of the Federal Housing Administration’s MMI fund reached 8.03% at the end of September, an increase of 1.93

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Rocket cautiously wades into iBuying

Rocket Companies CEO Jay Farner When Rocket Companies announced in August that it would be dipping its toes in the iBuying space, the lender didn’t do so with its usual panache. There were no polished marketing promos or commercials featuring celebrities like Tracy Morgan. In fact, news that Rocket would

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