This as the commercial and multifamily mortgage origination markets enter 2024 on unstable footing, with a new MBA poll reporting that 90% of respondents described today’s market as either “somewhat” or “very unsettled.”
Read More »Mortgage Disclosure Process Improving for Lenders, Borrowers
The CFPB announced the approval of the Independent Community Bankers of America's (ICBA) proposed template to improve mortgage disclosures to "provide consumers greater clarity, streamline the process through improved disclosure requirements, and expand access to more affordable homes in rural areas with limited housing supply," according to Rebeca Romero Rainey, President and CEO of ICBA.
Read More »Consumers Grow Increasingly Optimistic About Mortgage Rates
"Mortgage rate optimism increased dramatically this month, with a survey-high share of consumers anticipating mortgage rate declines over the next year," said Mark Palim, VP and Deputy Chief Economist at Fannie Mae.
Read More »Asking Rents Drop for Third Consecutive Month
Redfin reports that an increase in December housing supply has led to rising vacancies, motivating landlords to lower asking rents, which fell nearly 1% from a year earlier.
Read More »Mortgage Rate Drops Encouraging Market Activity
“The slight increase in December listings indicates the impact of lower mortgage rates is beginning to trickle down into the market, which comes as an optimistic sign as we head into the new year," said Jeremy Sicklick, Co-Founder and CEO of HouseCanary.
Read More »The Great Floridian Migration
Based on U-Haul's annual year-end Growth Index, Florida destinations dominated the list of the top-25 destination hotspots. Here's where else people are migrating.
Read More »HUD Focuses on Housing Safety at Recent Summit
U.S. Attorney Ryan K. Buchanan and HUD-OIG Inspector General Rae Oliver Davis recently collaborated on an event on eliminating environmental hazards and misconduct for tenants living in HUD-assisted housing.
Read More »The Week Ahead: Congress Examines Oversight of HUD and the FHA
An upcoming hearing conducted by the U.S. House Committee on Financial Services will take a look at the leadership of HUD and how the Department’s programs have benefited millions nationwide.
Read More »Commercial Bankruptcies Spiked 70% Last Year
Commercial Chapter 11 Bankruptcies increased to 6,569 filings according to a new data report from Epiq AACER. Will that upward trend continue as we move into 2024?
Read More »Zillow Forecast: The Hottest Housing Markets of 2024
While housing affordability is expected to improve in 2024, according to a new Zillow market report, with the hottest markets across the U.S. located in cities that offer cheaper mortgage payments and more job opportunities.
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