U.S. Department of Housing and Urban Development (HUD) will allocate about $5 billion in American Rescue Plan funds to create affordable housing and provide services for those facing homelessness. HUD Secretary Marcia L. Fudge delivered the news during a Zoom ...
Read More »Ginnie Mae: MBS Remain Source of Affordable Financing for Homeownership
Issuance is fueled by across-the-board demand for government-backed mortgages as consumers increase home refinance and home purchase volume, representatives say.
Read More »Reaction to CFPB’s Proposed Foreclosure-Avoidance Actions
While the Bureau has received industry support, some servicers believe that delaying foreclosures and creating more regulations builds undue pressure on consumers and the nation's housing market.
Read More »Homeowners Experience Largest Property Tax Hike in Four Years
The latest stats "speak loud and clear about the continuing pressure on both recent and longtime homeowners to support the rising cost of public services," according to data analysts.
Read More »How Financially Literate Are Today’s Consumers?
Researchers took into consideration factors including gender, race, income, marital status, education level, and age while exploring financial literacy and why it matters.
Read More »Americans Redefine the Purpose of Homeownership
One year into a national health crisis and subsequent stay-home rules, property owners are ready to invest in making more out of their residences, a new study showed.
Read More »New Bankruptcies Hit 1-Year High in March
However, experts anticipate a return to pre-pandemic levels of filings as a result of the vaccination roll-out and corresponding economic recovery.
Read More »Record-Fast Home Sales Reflect Various Market Trends
Considering recent reports revealing just how competitive one must be to purchase a home in most parts of the country it should come as little surprise that Redfin just reported that homes today are selling faster than any time in recorded home-selling history. Redfin ...
Read More »CFPB Instructs Servicers to Prepare for Forbearance Expirations
The Consumer Financial Protection Bureau (CFPB) issued a warning to servicers to prepare for an onslaught of distressed homeowners come summertime, or as moratoria expire. This is the second CFPB notice in a week to indicate the bureau is aggressively ...
Read More »How Property Owners Can Prepare Financially for a Tornado
A staggering number of tornadoes in America over the past decade has resulted in billions of dollars in property damage, which could be especially nerve-wracking for certain homeowners during the spring, since April, May, and June typically see the most ...
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