Mortgage

Fannie Mae CEO Exits Abruptly as Trump Considers Taking the Mortgage Giant Public

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Fannie Mae CEO Exits Abruptly as Trump Considers Taking the Mortgage Giant Public

The CEO of Fannie Mae has exited unexpectedly as President Donald Trump weighs plans to sell shares of the government-backed mortgage giant in a public offering. Fannie Mae announced the immediate departure of Priscilla Almodovar from the CEO role last Wednesday, naming COO Peter Akwaboah as the company’s acting CEO. Almodovar, 58, had led Fannie … Read more

Mortgage Rates Hit Lowest Level in Over a Year as Fed Eyes Possible Rate Cut

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Mortgage Rates Hit Lowest Level in Over a Year as Fed Eyes Possible Rate Cut

Mortgage rates dipped yet again. The Freddie Mac 30-year fixed rate fell to 6.19%, its lowest level in more than a year. That’s a meaningful drop, and it comes as markets fully price in another possible Federal Reserve rate cut after it meets next week. While this gives buyers some breathing room, it’s worth noting … Read more