Government

Taking a deep dive into Supplemental Partial Claims, Joseph Smith of Stretto explains the benefits and drawbacks they present in today’s mortgage landscape, and other considerations.

As we approach a new year, MortgagePoint took the temperature of industry experts to see what lies ahead for a market that trudged through 2023 hampered by the convergence of rates reaching 20-year highs, a shortage of housing inventory, and inflated home values.

For the third meeting in a row, the Federal Open Market Committee chose to hold rates steady based on current market conditions and future predictions. Click through to find out the current interest rate and read a brief history of rate hikes since the pandemic began, as well as commentary from relevant economists and sources.

For the 2023 calendar year-to-date, Ginnie Mae has supported the pooling and securitization of more than 570,000 first-time homebuyer loans.

Taking a look back at the significant milestones it has achieved, HUD continues to focus on expanding access to homeownership, supporting home retention, and addressing racial bias nationwide.

In a new report, the OCC highlights the nation’s credit, market, operational, and compliance risks, as well as other key issues facing the federal banking system.

In its Annual Financial Report, Ginnie Mae highlights its financial performance and accomplishments over the past year, as it supported affordable, equitable homeownership and rental housing for tens of millions of American households.

The least affordable markets were Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs. Detroit and Pittsburgh were the most affordable.

A Bank of America study revealed that the vast majority of prospective homebuyers expect home prices and interest rates to fall in the coming year, so they’re waiting until then to purchase a home. But how likely is that to happen? BofA experts unveil more in their latest Homebuyer Insights Report.

In a new report, HUD’s Office of Inspector General outlines the most serious management and performance issues facing the Department in fiscal year 2024.