Federal officials offer insight and suggestions related to a new report on the crisis, which was worsened by COVID-19, from the Department of Housing and Urban Development.
Read More »Toomey: Congress Must Address ‘Fundamental Flaws in the System’
Ranking Committee Member Pat Toomey (R-Pennsylvania), in conjunction with Tuesday's Senate Banking hearing, released a set of "guiding principles for housing finance reform."
Read More »While Forbearance Activity Decreases, Many Homeowners Remain in Plans
Based on the latest forbearance and call volume survey from Mortgage Banker's Association (MBA), the number of loans actively in forbearance decreased 6 basis points, to 5.14% from 5.20% of servicers' portfolio volume from March 1-7. The MBA estimates that ...
Read More »What a $15k Tax Credit Could Mean for Homeownership
After the Great Recession in 2008 sent the housing industry into a tailspin, the Obama administration launched a tax credit for first-time homebuyers. The plan was to motivate consumers to buy their first home by offering them a tax credit ...
Read More »What the American Rescue Plan Means for Housing
In addition to those $1,400 stimulus checks, the $1.9 trillion economic stimulus package also will funnel billions into the housing market.
Read More »Why Nonwhite Neighborhoods Could Face Increased Flood Risk
According to new research, the negative, lasting effects of redlining practices include an increased chance of water damage to homes in historically impacted areas.
Read More »Forbearance Activity Rate Dips Under 5%
The forbearance report from Black Knight's McDash Flash Forbearance Tracker showed the largest week-over-week decline in forbearance activity since early January. Active plans dropped by 77,000 overall in the week ending Tuesday, March 9. As of that date, 2.6 million ...
Read More »Recommendations for Closing the Diversity Gap in Housing
A pandemic that in the past year has changed every American's way of life also has illuminated and exacerbated shortcomings in the U.S. economy and housing. "We Can’t Wait 114 Years to Close the Diversity Gap in Housing"—it's the central ...
Read More »Latest Look at Foreclosure Trends
Extensions to the Federal Government’s foreclosure moratorium and CARES Act mortgage forbearance program are keeping a wave of foreclosures at bay.
Read More »FHFA Extends COVID-19-Related Loan Flexibilities
The agency said its actions represent the latest steps it has taken to benefit renters, property owners, and the mortgage market during the pandemic.
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