Mortgage markets brace for future without federal aid

WASHINGTON — For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates.

Now, whether the housing market is ready or not, the government is pulling out.

The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test of […]

More refinancing homeowners put cash in, not take it out

WASHINGTON — Thinking of cashing out some equity when you refinance your mortgage? Sure, that used to be what millions of homeowners did when they needed extra money.

But now get ready for the post-boom, post-crash trend that’s really hot: “Cash-in” refis — the diametrical opposite of cash-outs.

“It almost sounds un-American,” quipped Frank Nothaft, […]

Fannie, Freddie regulator to offer housing goals soon

The federal regulator of Fannie Mae and Freddie Mac, the largest U.S. sources of mortgage money, said his agency will propose new rules requiring them to provide financing to the affordable-housing market.

The Federal Housing Finance Agency plans to act “shortly” on the goals, Edward DeMarco, FHFA’s acting director, said in a letter to lawmakers […]

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