Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers. https://www.nationalmortgagenews.com/news/fannie-mae-freddie-mac-gear-up-for-g-fee-change
NextGenMortgage
Mortgage rates see another weekly dip
Recent rate movements have failed to result in significant purchase growth, but refinances are providing lenders some lift. https://www.nationalmortgagenews.com/news/mortgage-rates-fall-for-fourth-time-in-five-weeks
Opendoor lays off 300 workers after 3Q loss
The company also saw a slight impact from changes to real estate commissions. https://www.nationalmortgagenews.com/news/opendoor-lays-off-300-workers-after-3q-loss
Five big questions as banks await Fed’s rate cut
After hikes pinched profits across the industry, a move in the opposite direction could be the start of a more promising trend. But bankers caution that the immediate effects of a September rate cut figure to be small....
Helene dumps rain on millions of U.S. homes that lack flood insurance
The disaster underscores Americans' dangerously low levels of flood insurance coverage, especially away from coastal areas. https://www.nationalmortgagenews.com/articles/helene-dumps-rain-on-millions-of-u-s-homes-that-lack-flood-insurance