Fannie Mae, Freddie Mac to back mortgages over $1M

The FHFA announced higher mortgage loan limits surpassing $1 million, giving borrowers access to larger loan amounts without taking out a jumbo mortgage.

Supreme court to hear arguments on Biden's student loan forgiveness plan next year

The Supreme Court will rule over the legality of Biden's student loan forgiveness plan, but private loan borrowers won't qualify if it gets approved. Here's what to do if you can't get student loan relief.

Fed minutes indicate interest rate increases may slow soon

The Federal Reserve said that reaching its target inflation rate of 2% is more important than the pace of rate hikes, signaling that it may begin to slow the pace of future interest rate increases.

Biden’s student loan forgiveness: A timeline of legal challenges facing the plan

Here’s a timeline of the legal challenges facing President Joe Biden’s student loan debt forgiveness plan, from the first lawsuit to the Nov. 14 injunction.

Digital mortgages to enter a new, faster (and cheaper) era in year ahead

As the housing market slows, lenders will look to use more time investing in technology and making mortgages faster, easier and cheaper, according to one mortgage expert.

Household debt surpasses $16.5T in Q3 amid inflation, rising demand: NY Fed report

Total household debt increased by more than $300 billion across credit cards, mortgages and more in the second quarter of 2022, according to the latest New York Fed report. Here's what you can do if you're struggling with debt.

Judge extends federal student loan forgiveness block

A federal appeals court extended its block on President Biden's student loan forgiveness plan. Here's what that means for you.

Mortgage rates rise as Fed fights inflation: Freddie Mac

Rates for the 30-year mortgage increased again after a slight dip the week before following the Federal Reserve's recent announcement that it was raising rates again, according to Freddie Mac.

Fannie Mae's new rent reporting program helps renters build credit

Fannie Mae introduced a new rent reporting program that will allow renters to build credit and could open a path to homeownership.