The number of homeowners with relatively low rates has fallen because many have given up on waiting to move until rates fall, and everyone who did so had to take out a rate at above 6%.
Read More »Ginnie Mae’s MBS Portfolio Surpasses $2.5T
December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers.
Read More »U.S. Home Appraisals Slide YoY in Q3
An analysis of data by the FHFA of Uniform Appraisal Dataset Aggregate Statistics for the third quarter has found a year-over-year decline in the total number of U.S. home appraisals.
Read More »Report: Mortgage Rates Remain Major Barrier to Millennial Homeownership
A new study has found that 96% of millennials cite high interest rates as impacting their homebuying plans, and 70% cite inflation as a hindrance.
Read More »HUD’s Office of Inspector General Highlights Management Challenges
HUD’s Office of the Inspector General has issued its Fiscal Year 2024 priority open recommendations report outlining actions that the Department can take to address health and safety in HUD-assisted housing, managing fraud risk and improper payments, and IT and cybersecurity modernization.
Read More »Mr. Cooper Taps Mike Weinbach as New President
Former CEO of Consumer Lending for Wells Fargo joins mortgage loan servicer to lead the company’s origination, servicing, and technology operations.
Read More »HUD Reaches Agreement With Rental Provider Over Fair Housing Act Violations
In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants can participate in Department-funded housing programs.
Read More »Forecast: Commercial and Multifamily Mortgage Markets to Stabilize in 2024
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 »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 »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.
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