To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and housing programs across the U.S.
Read More »Home Sellers Hesitant to Take on New Mortgages
A new survey from Realtor.com revealed an estimated 82% of home sellers feel 'locked in’ to their current home, as buying a new home could potentially mean buying into a higher mortgage rate.
Read More »CBC Taps Alicia Wood as Director of Servicing and Asset Management
In this newly created role, Alicia Wood will be tasked with administering CBC’s entire loan servicing operation and responsible for servicing oversight and loss mitigation activity on all first and second mortgages, as well as agency and investor reporting.
Read More »HUD Injects $30B to Help Provide Affordable Housing
The U.S. Department of Housing and Urban Development announced an available $30.3 billion for the Housing Choice Voucher Program that will help Public Housing Authorities address recent rent inflation and enable more low-income families to utilize housing vouchers.
Read More »Female-Headed Households Still Struggle to Achieve Homeownership
According to a new study from Urban Institute, research revealed that among never-married households, there was a steady six-percentage-point female-male homeownership gap between 1990 and 2021.
Read More »Rents Slowly Returning to Pre-Pandemic Levels
Redfin reports the median U.S. asking rent fell 0.4% year-over-year to $1,937 in March 2023—the first annual decline since March 2020.
Read More »The Week Ahead: Two Top HUD Nominees to Face Senate Banking Panel
The Senate Banking Committee will conduct a Nomination Hearing for two key roles within HUD, as both Solomon Jeffrey Greene and David Uejio take the stand before the Committee.
Read More »FHFA Announces Final Rule to Serve Underserved Markets Regulation
“The implementation of this rule strengthens our commitment to promoting affordable, equitable, and sustainable housing in underserved and rural communities,” said FHFA Director Sandra L. Thompson.
Read More »Low-Income Homebuyers May Be Unaware of Affordable Home Lending Offerings
A new KeyBank poll found that nearly 31% of respondents did not seek out any information or resources on homebuyer assistance programs and could be unaware of the existence of these offerings and the important role banks can play in providing access to them.
Read More »Vacant Homes Push Up Prices of Available Housing
The 16 million vacant homes in the country aren’t just sitting there—a new study found they actively drive up nearby real estate prices and keep potential first-time buyers from entering the market.
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