As housing affordability continues its decline, the latest analysis from First American projects home price appreciation to fall further as the booming sellers’ market seen in early 2022 has now turned in favor of homebuyers.

Ginnie Mae President Alanna McCargo said, “As always, we are focused on working with our counterparties to manage risks and ensure continuity in serving the most underserved households through all economic cycles.”

A record 22% of homes for sale had price drops in September as homebuyer bidding wars eased, with nearly 60,000 deals called off—marking the highest share on record since March 2020.

Due to increasing cost of land, zoning restrictions, and skyrocketing costs for building materials, starter-homes are becoming a dying trend. The latest market study from Point2 Homes explores the challenges facing first-time buyers.

A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB's 2017 payday lending rule, resulting in the court's decision to deem their funding structures unconstitutional.

A recent survey from CraftJack showed that 1 in 5 Americans moved in 2021 following the onset of the pandemic. New data reveals that the South is seeing the greatest increase in migration, while the Northeast is losing the highest share of residents.

While Black and Latino households have often been disproportionately affected by predatory lending practices, homeownership rates have increased nationwide for both. However, lack of affordable housing and high interest rates may pose challenges moving forward.

Home sales in September saw a significant dip compared to August, decreasing about 30% lower than the same time last year. While inventory is up just 3%, numbers remain nearly 40% below 2019 levels.

The average U.S. single-family rent price growth slipped for the fourth consecutive month on an annual basis in August, while rental growth rates have also gradually decreased year-over-year since the beginning of Q1, becoming the slowest-growing market overall.

The FHFA's foreclosure analysis for July 2022 revealed the total number of loans in forbearance is trending downward from its peak in May, with nearly 85,000 loans in forbearance nationwide, while total refinance volume and mortgage rates also decreased in the same month.