Daily Dose

In establishing replacement rates for legacy LIBOR products, Fannie Mae has reached a key milestone necessary to prepare the mortgage marketplace for the end of LIBOR.

Pending home sales recorded the second-lowest monthly reading in 20 years as pending transactions dropped by nearly 40% year-over-year, while contract signings also slipped from October.

As home prices and mortgage rates fall from their peak, the typical homebuyers’ monthly housing payment declined nearly $300 from October, according to a new report from Redfin.

The Department’s latest round of funding will help bridge the wealth gap by connecting residents of public housing to employment and education.

Ginnie Mae’s November new MBS issuance supports the financing of more than 122,000 households nationwide, including more than 55,600 first-time homebuyers.

However, November’s total of starts still trails highs seen in June 2022 and remain well below pre-pandemic levels.

Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the market’s future.

The FHFA reports that Fannie Mae and Freddie Mac sold 155,034 non-performing loans with a total unpaid principal balance of $28.7 billion from the program’s inception in 2014 through June 30, 2022.

Jane Mason of Clarifire discusses the traditional mindset that mortgage servicers either need to buy technology or build it themselves, a thought process that has handcuffed the industry’s digital growth.

According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.