Investments

NY AG reportedly investigating big three credit rating agencies

New York Attorney General Eric Schneiderman has kicked off an investigation into three major credit ratings agencies, according to a person familiar with the matter, a move that follows the U.S. Justice Department’s $5 billion lawsuit against Standard & Poor’s over pre-crisis mortgage bond ratings.

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UWM announces 1.99% rate for 30-year fixed mortgage

United Wholesale Mortgage announced Tuesday it is rolling out a new loan program that offers borrowers an interest rate as low as 1.99% for both purchase mortgages and refinances.

Aug 11, 2020 By

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New fee on mortgage refinances could cost homeowners $1,400

On Wednesday night the FHFA rolled out a new adverse market refinance fee of 0.5%, which will be assessed for loans sold to Fannie Mae or Freddie Mac after Sept. 1.

Aug 13, 2020 By
3d rendering of a row of luxury townhouses along a street

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