Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated

Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market.

The 29 mortgage servicers that received top marks from Fannie Mae

Fannie Mae on Tuesday announced the results of its 2024 Servicer Total Achievement and Rewards (STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.”