Tulsa reflects federal investment in affordable housing
An expanding federal initiative to create more affordable rental housing has already achieved some success in Tulsa, officials said Monday.
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An expanding federal initiative to create more affordable rental housing has already achieved some success in Tulsa, officials said Monday.
"Deterioration in forecasted economic conditions" has an impact on results
Like its sister company, Freddie, Fannie Mae remained profitable in Q2 despite pressure from inflation, rising interest rates and worsening affordability.
The mortgage giant generated a $2.5 billion profit and grew its mortgage portfolio by 14 percent despite dramatic declines in new purchase loans and refinancing.
New technology and policy changes at Fannie Mae and Freddie Mac spur innovations by Guild Mortgage and Ready Life to help borrowers without credit scores and good payment histories.