The strong housing recovery may be partly to blame for the large drop in inventory experienced in some markets during the past five years. On average, the more increased the housing values in a particular area above pre-recession levels, the greater the decrease in present housing inventory. The significant drop in starter and trade-up home inventory is pushing affordability further out of reach of some homebuyers.
Read More »Housing Finance in Today’s Market
The March 2017 issue of Housing Finance at a Glance, compiled by the Housing Finance Policy Center at the Urban Institute, gives a 44-page in-depth look at housing finance in today’s market. It’s a virtual encyclopedia of information concerning the ...
Read More »Black Knight Introduces Loan Origination Software for Small-Midsized Lenders
New software platform for smaller and mid-size lenders will allow companies to customize their operations and focus on revenue growth and operating efficiency.
Read More »Low Down Payment Programs Attracting Millennials
Statistics show that 65 percent of first-time homebuyers in January only made a zero to 6 percent down payment.
Read More »OCC Head Stresses Collaboration in Maintaining Sound International Banking
If another banking crisis arises, as in 2008, OCC Head Thomas Curry says that banking practices used now will help to soften the blow and restore stability in the banking industry.
Read More »Foreclosure Process in NY Expedited by Federal Ruling
Recent New York decision in federal court expected to speed up foreclosure process in that state and other states with similar foreclosure requirements as well.
Read More »$6 Billion in Cuts for HUD Met with Opposition
Cuts of $6 billion to HUD budget would prevent big-ticket repairs to public housing and reduce number of vouchers for low-income families. The plan would also cut HUD salaries by 5 percent.
Read More »Home Sales Increase as Buyers Avoid Rising Rents
Rising rentals are making many people realize that buying a home is a much better investment, and is increasing real estate sales in many areas.
Read More »Economist Responds to Carson’s Call for Input on Housing Needs
Economist offers suggestions to new HUD Director on improving affordable housing for working families near areas of economic opportunity.
Read More »Would Supreme Court Nominee Neil Gorsuch Abolish CFPB?
If Judge Neil Gorsuch is confirmed as a justice for the Supreme Court, taking the vacant seat left by the late Antonin Scalia, there are questions about how he might rule on important issues. Some people have expressed their beliefs ...
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