Real Estate News
Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerateFannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down from the 3.9% the mortgage financier called for a month ago. Unemployment probably will average 3.7% this year and 4% in 2020.
MoxiWorks hires two new directors of business developmentReal estate technology company MoxiWorks has taken on two new recruits with extensive backgrounds in the mortgage and housing industry. Kirsten “Kiki” Wanshura and Heather Glass are the two new directors of business development at MoxiWorks.
Former Freddie Mac CEO says GSEs should be regulated like utilitiesTwo weeks into his new gig as a senior fellow at Harvard University’s Joint Center for Housing Studies, Donald Layton, who was the CEO of Freddie Mac until the end of June, is speaking out – in favor of utility-style regulation of the GSEs. He also states the mortgage giants were “lazy... Read More
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