Ginnie Mae allows for risk-based capital relief to issuers that hedge MSRs

Ginnie Mae announced on Thursday that it will allow relief from its risk-based capital ratio (RBCR) requirements for any mortgage-backed securities (MBS) issuers that effectively hedge the value of their mortgage servicing rights (MSRs). One housing advocacy group said the move will create flexibili

Mortgage Rates Rise to 6.79% in the Wake of Trump’s Presidential Victory

Realtor.com; Getty Images (1)Mortgage rates rose from 6.72% last week to 6.79% for a 30-year fixed home loan for the week ending Nov. 7, according to Freddie Mac.“Mortgage rates continued to inch up this week, reaching 6.79%,” Sam Khater, Freddie Mac’s chief economist, said in a statement.This shift

Zillow CEO Jeremy Wacksman: ‘We do tech so you can do real estate’

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “Super App.”This conversation has been edited for leng

Former Church Transformed Into Four Unique Homes—Complete With Bell Tower and Stained-Glass Windows—Lists for $1.5 Million

Realtor.comA historic, 120-year-old, Gothic-style church that has been painstakingly restored and transformed into a multifamily property has hit the market in Portland, OR, for $1.5 million—offering a “rare” investment opportunity for one savvy buyer.The church turned dwelling, which was built in 1