Freddie Mac: Mortgage rates remain near 3-year low

This week, the 30-year, fixed-rate mortgage averaged 3.75%, matching last week. A year ago, the rate averaged 4.60%, according to the Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the mortgage rates have stabilized over the last two months, which reflects the recovery and improvement in the economy from the malaise earlier in the year.
Source: HousingWire Magazine

Fannie Mae reports income of $3.4 billion in Q2

Fannie Mae reported Thursday it posted a comprehensive income of $3.4 billion in the second quarter of 2019, according to the company’s quarterly earnings report. The second quarter’s income is up from the first quarter’s $2.4 billion, but also sits below the second quarter of 2018 when Fannie saw a comprehensive income of $4.5 billion. Notably, through its purchases and guarantees of mortgages, Fannie Mae financed 1.2 million home purchases, refinancings or rental units this quarter.
Source: HousingWire Magazine

The power of the pat on the back

If your employees are unhappy, your customers will be the first to notice. Showing a little appreciation may be an investment in keeping both.
Source: American Banker

Capital One hacker may've hit UniCredit; Equifax offer overwhelmed

The FBI is looking into whether Italy’s largest bank was also hacked; about 4.5 million people have already inquired about getting a cash settlement with the credit bureau.
Source: American Banker

Are AML rules catching only the 'stupid' criminals?

Anti-money-laundering regulations are among the most costly, and few criminals get caught. Banks say there’s a better way.
Source: American Banker

Comment on Comparing Hybrid Appraisals with a 1004 Report by Michael Ford, AGA, SCGREA, GAA, RAA, Realtor®

Rick, no disrespect meant but one driver of hybrids is the Big Data provider!

Source: Working RE Magazine