Jim Hennessey, CEO and founder of Hennessey Home Lending, has been named Mortgage Broker of the Year for 2024 by the National Association of Mortgage Brokers (NAMB).

Before the pandemic hit in 2020, the typical mortgage payment was under $900. Fast forward five years and that monthly payment has surged 106%. Here's a look at why.

Fannie Mae, officially the Federal National Mortgage Association (FNMA), is a government-sponsored enterprise that maintains liquidity in the mortgage market by buying loans from banks and mortgage ...

Mortgage rates actually increased and have remained a major hurdle for prospective home buyers. Car loans haven't downshifted much, and credit-card annual percentage rates, or APRs, have only crept ...

Republican lawmakers have filed legislation to defund the Consumer Financial Protection Bureau, adding more uncertainty over GOP plans for the financial regulator.

The arrival of the new Trump Administration is reviving debates about releasing Fannie Mae and Freddie Mac from the ...

Fannie Mae and Freddie Mac are government-sponsored enterprises that aim to provide the mortgage market with stability and ...

MOSO’s best feature, according to Suong, is the automatic interest rate update that’s sent via text or email to borrowers, allowing them to lock in a mortgage rate with the click of a button. “Not ...

The core index, one that strips volatile food and energy costs and is used by the Fed in setting interest rates, rose 0.2% in December and 2.8% annually, unchanged from November.

Fort Myers city manager agrees McCollum Hall project could use more cash; looking at ways to provide the financial kickstart.

Policy changes: When the Fed adjusts the federal funds rate, it spills over into many aspects of the economy, including ...

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying sea ...