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From left: Fannie Mae's Hugh Frater and Freddie Mac's Michael DeVito (Rice Business, Getty)

Government to back home loans over $1M

The federal government wants to help homebuyers live like millionaires, at least in pricey housing markets such as California and New York. In those areas, Fannie Mae and Freddie Mac will begin backing mortgages...

Government to back home loans over $1M
(iStock)

Mortgage rates falling back toward 5%

Suddenly, a 5.3 percent mortgage seems low. That was the average rate on a 30-year, fixed-rate mortgage this week, the Wall Street Journal reported. The average rate was a significant drop from last week,...

Mortgage rates falling back toward 5%
(iStock/Illustration by Kevin Rebong for The Real Deal)

Existing-home sales leapt 6.7% in January

Buyers kicked off the year rushing to close on homes as the market only grew more competitive. Existing-home sales rose 6.7 percent in January, according to the National Association of Realtors. The deluge of...

Existing-home sales leapt 6.7% in January
Fannie, Freddie to buy mortgages up to nearly $1M

Fannie, Freddie to buy mortgages up to nearly $1M

Fannie Mae and Freddie Mac will increase loan limits in the coming weeks, making it easier for buyers of...

Fannie, Freddie to buy mortgages up to nearly $1M
From left: JPMorganChase CEO Jamie Dimon, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman (Getty)

Demand for private-label mortgages on the rise

After virtually disappearing following the financial crisis more than a decade ago, private-label mortgages are back. Private-label mortgages are...

Demand for private-label mortgages on the rise
JPMorgan Chase CEO Jamie Dimon (Getty)

JPMorgan invests in private-label mortgage platform

A sector of the mortgage market that became a boogeyman during the Great Recession is seeing renewed interest from...

JPMorgan invests in private-label mortgage platform
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