The Senate has voted to confirm Rep. Marcia Fudge, an Ohio Democrat, as Secretary of Housing and Urban Development under the Biden administration. So reports Cox Media.

Interest rates stabilized a bit this week, according to Bill Bodnar of The Mortgage Market Guide. However, the Fed has lost the long-end of the bond market, meaning rates are ticking higher despite the bond buying.

Fannie Mae has named two veterans of academia to its board of directors, the government-backed housing finance giant has announced.