mortgage banks

Investors who bid up apartment-building prices to record levels over the past year are starting to come under pressure as rapidly rising interest rates squeeze their profits.Steeper borrowing rates make it harder for apartment landlords to…

Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end.The share of subprime credit…

People who agreed to buy homes under construction but haven’t yet closed are facing mortgage-interest rates that could be nearly double what they anticipated when they paid their deposits.New-home buyers are confronting multiple obstacles…

This Wednesday, officials are to announce plans on how they will shrink those holdings. Expect the process to be faster and potentially more disruptive to financial markets than last time. The Fed first undertook large-scale bond buying,…

The average rate for a 30-year fixed-rate mortgage hit 5% last week for the first time in a decade.…

Around 37 million federal student-loan borrowers were spared $195 billion in loan payments since the government froze their payments at the onset of the pandemic, and many of them are likely to struggle with their debts when the moratorium…

Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made it difficult for buyers to compete.Existing-home sales fell 7.2% in February from the prior month to a seasonally…

The era of ultralow mortgage rates is over. The average rate for a 30-year fixed mortgage topped 4% for the first time since May 2019, Freddie Mac said Thursday. At the…

A home for sale in Nashville, Tenn. Home-buying demand has surged in the past year due to low mortgage-interest rates.…

WASHINGTON—President Biden plans to nominate Sandra Thompson to become the permanent director of the Federal Housing Finance Agency, the White House said,…