Tag Archives: Income

The bank’s pretax earnings for the year rose 17 percent as it gained market share across its businesses, but lower mortgage banking income and impact of the Tax Act decreased its noninterest income.

Six cities on the U.S. coasts have 70 percent or higher households that can’t afford to buy a home, says a new study.

A survey found that homebuyers are anxious to know the effects of the Tax Cuts and Jobs Act, which some say may put upward pressure on home prices and mortgage rates on account of higher after-tax income.

A new report pinpoints Vancouver as the most unaffordable housing market in North America, but Manhattan and San Francisco are close behind. What other U.S. cities top the list?

Consumer confidence is down in the latest Fannie Mae Home Purchase Sentiment Index (HPSI) report, with the end of the summer buying season bringing about a repeat of ...

As homeowners struggle to make loan payments on time, Freddie Mac plans to collab with a new online platform in tandem with its borrower help network. The startup intends to help low and moderate income earners manage the debts and make payments on time.

Bank of America posted a 40 percent growth in overall net income for Q1. Growing consumer banking revenues seem to be the key. But the bank’s mortgage platform is down from a year ago, even as overall loan revenue is up.

As recovery continues across the nation from the mortgage crisis in 2007, some states appear to be patching things together more quickly than others.

Many housing experts feel that millennials are not as interested in homeownership than previous generations and prefer the freedom of renting instead, according to Fannie Mae commentary by Sarah , strategic planning analyst for Fannie Mae's Economic and Strategic Research Group.

The Conference Board's Consumer Confidence Index climbed 2.1 points to 92.4 in the group's August reading, marking the highest level of confidence since October 2007. August's increase was driven by an increase in Conference Board's measure of current economic sentiment, which grew to 94.6 from 87.9 in July. Most of that was spurred by more promising reports over the spring and summer as business and labor market indicators improved.