In a letter to the FHFA, a coalition of eight U.S. Senators are asking the Agency to implement reforms to credit scoring models that could impact access to creditworthy borrowers. Click through to read arguments from both sides of the issue.
Read More »Freddie Mac Sells $19.1 Million in Non-Performing Loans
In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.
Read More »September Delinquency Rate Experiences YoY Rise
ICE data shows a year-over-year rise of 13 basis points year over year, marking only the second—and largest—annual increase in the past 2.5 years.
Read More »Housing Inventory Gets Largest Month-Over-Month Boost in More Than a Year
A new RE/MAX report spotlights which metros are seeing the most significant increases. Click through to read the full report and learn what other “seasonal trends” are in play.
Read More »Rents Fall for Fifth-Straight Month
Although completed multifamily units drove down rent prices for the fifth month in a row, short vacancy times reveal just how high demand is for these units. Here’s what the landscape looks like according to a new report.
Read More »HUD Expands the ConnectHomeUSA Program
The Department is bolstering its program to promote digital inclusion for American families, which builds on its ongoing work with the FCC to ensure all HUD-assisted families enroll in the Affordable Connectivity Program. Read on to find out why HUD is, for the first time since 2020, accepting new communities into the initiative.
Read More »Save the Date for Complimentary Webinar: Evolution of the eNote
An upcoming Five Star Institute webinar will explore how United Wholesale Mortgage works in conjunction with DocMagic to employ a digital lending process including eNotes for a modern, efficient, and secure way to process and manage mortgage loans.
Read More »The Multifamily Building Surge: Which Cities Lead the Charge?
With single-family inventories struggling to keep up, here are the ZIP codes where multifamily inventories are spiking to try to meet housing demands.
Read More »2023 Home Sales Dip to Levels Not Seen Since 2008
Could this be the slowest home sales year in nearly 15 years? Click through to learn the factors that have been keeping buyers "in a bind all year.”
Read More »Bipartisan Legislation Aims to Support Veteran Homebuyers
The newly introduced VA Home Loan Awareness Act of 2023 is designed to “make the dream of homeownership a reality for more military families.” Click through to learn what changes this Act would implement.
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