Ginnie Mae files slew of documents, opposes summary judgment motion in TCB court case

Attorneys for the U.S. government, working on behalf of Ginnie Mae and the U.S. Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a partial s

The Wealthy Are Bringing Big Money and Luxurious Lodges to Maine’s Lakes

CLEARWOOD TECH AND RACHEL SIEBEN FOR WSJ“On a clear day, you can see the top of Mount Washington,” says Joanne Ricciardiello, peering through a curtain of towering oak and pine trees that surrounds her newly built, roughly 4,300-square-foot home on Maine’s Sebago Lake.She walks down a gravel path to

Mortgage delinquency, foreclosure activity point to rising homeowner distress

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising.According to the Mortgage Bankers Association (MBA), the second-quarter 2024 d

Mortgage Rates Tick Up to 6.49% but Are Predicted To ‘Trend Down’ This Fall

Realtor.com; Getty Images (1)Mortgage rates inched up, with the average rate for a 30-year fixed home loan going from 6.47% last week to 6.49% for the week ending Aug. 15, according to Freddie Mac.“While rates increased slightly this week, they remain more than half a percent lower than the same tim