Job Creation Remains Surprisingly Strong in April in Key Signal for New Fed Era
The U.S. unemployment rate remained unchanged at 4.3% in April, from the month before, as hiring remained resilient despite a volatile economic backdrop. The latest report from the Bureau of Labor Statistics released Friday showed that nonfarm payrolls grew by 115,000 jobs last month, far more than
This Change to Credit Scores Could Help 7.7 Million Americans Qualify for a Mortgage
A government change could tip the scale for millions of "credit invisible" Americans and spur hundreds of billions in new mortgage originations. In a rule change finalized last month, government-run mortgage giants Fannie Mae and Freddie Mac said they would accept mortgages underwritten with a credi
Fannie Mae’s Mortgage Holdings Balloon as Trump Tries To Hold Interest Rates Down
Fannie Mae has more than doubled its mortgage portfolio in the past 12 months as the Trump administration tries to tamp down stubbornly high mortgage rates. The government-sponsored enterprise increased its retained portfolio by $18.3 billion in March, capping off a quarter in which it grew by $36 b
Homeowner Equity Plunges to 4-Year Low as Underwater Mortgages Rise
Total homeowner equity in the U.S. continued its retreat through early 2026, hitting a four-year low as property values plateaued and mortgage rates remained stubbornly elevated. Nationally, 43.3% of homes were considered equity rich (defined as the property owner having at least 50% equity, meaning
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