“I am pleased to announce this final milestone of the SFPDM transition as part of our ongoing modernization and business transformation initiative,” said Ginnie Mae President Alanna McCargo. “The timely and successful completion of this enhancement is due to the combined efforts of the Ginnie Mae staff and our partners in the Issuer community.”
Read More »FHA Proposes Update to HECM Assignment Claims Eligibility Policy
New proposal seeks stakeholder feedback to ensure long-term viability for the HECM program and expanded availability for senior homeowners.
Read More »HELOCs Inaccessible to Nearly Half of U.S. Homeowners
A new study from Point showed that U.S. homeowners have an estimated $29.3 trillion available in home equity, but nearly half of those Americans are unable to access it.
Read More »A Window of Homebuying Opportunity Opens
With mortgage rates plummeting 26 basis points week-over-week, Redfin reports that buyers may have a limited amount of time to take advantage. The average rate now sits at its lowest level since mid-September … but for how long?
Read More »FHFA Releases Annual Report Highlighting 2022 Performance of FHLBanks
“FHFA’s comprehensive review of the Federal Home Loan Bank System has highlighted its long-term importance in both providing liquidity in the housing finance market and promoting housing affordability and community investment,” said Director Sandra L. Thompson.
Read More »Rental Market Moderates as New Inventory Gets a Boost
A new Redfin report revealed the share of rental vacancies has increased as more inventory enters the market, causing median asking rents to flatten nationwide from their record high reached in August 2022.
Read More »HUD Announces $50M to Address Youth Homelessness, Improve Housing Placements
As rising unaffordability plagues the nation, the U.S. Department of Housing and Urban Development has granted millions in funding for new resources to help communities transition people from homelessness to housing by building a stronger response system to assist youth in housing crises and all those experiencing displacement.
Read More »Mortgage Delinquency Rate Increases Across YoY, Quarterly Time Frames
The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.
Read More »Up, Up, and Away: How Many U.S. Metros Reported Q3 Home Price Gains?
NAR reports that single-family existing-home sales prices rose in the vast majority of metros nationwide in the third quarter, with the national median home price growing to more than $406K.
Read More »SFR Growth Expands in Q3 Amid Housing Market Uncertainty
While rent prices remain historically high despite a slight increase in year-over-year price growth, Single-Family Rental inventory surged in Q3 compared to the previous year, according to a new study from HouseCanary. Here are the details.
Read More »