FHFA issues new rule on allowing GSEs to build capital

Fannie Mae and Freddie Mac moved closer this week to ending their decade-plus-long stay in conservatorship when they announced that they are looking for financial advisors to assist in a stock offering that removes the companies from government control. But that’s not the only step the government-sponsored enterprises are taking this week towards exiting conservatorship.…

States Title raises $123 million to digitize real estate closings

States Title, which has quickly grown into one of the nation’s largest title insurance and settlement services companies, announced Thursday that it has raised $123 million to continue digitizing real estate closings. According to the company, its Series C capital raise was led by Greenspring Associates, a comprehensive venture capital investment platform with over $10…

Truist pledges $50 million in COVID-19 relief effort

Financial services company Truist announced today that it will commit an additional $25 million as part of its Truist Cares initiative, now totaling $50 million. Truist Cares was launched earlier this year as a response to the COVID-19 pandemic, with funding to target underserved community segments, providing resources for small businesses and essential technology services…

Are mortgage rates about to fall below 3%?

Until about three months ago, it was basically unthinkable that interest rates would ever fall below their record low of 3.31%, which was set in November 2012. But then the coronavirus happened. And as the virus was wreaking havoc on the world and its economy, interest rates not only broke that record; they’ve since settled…