Market Trends

"Our 2024 housing forecast reveals the green shoots we've been waiting to see in the housing market and should give buyers some optimism after a grueling few years," said Danielle Hale, Chief Economist for Realtor.com. "Moves of necessity are likely to drive home sales in 2024."

In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High Balance Loans for single-family forward mortgage loans nationwide.

The Bureau has ordered the bank to pay $12 million into the CFPB’s victims relief fund for falsifying forms about mortgage applicants and reporting incorrect information to federal regulators.

Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or rehabilitation.

MortgagePoint had the opportunity to chat with Gagan Sharma, Founder and CEO of BSI Financial Inc., to discuss the evolution of technology in the servicing space, as AI, machine learning, and other advances become more commonplace in the borrower experience.

A new report reveals how much the average single-family home appreciated year-over-year during Q3 2023, trumping gains seen during Q2 by a modest clip according to the Federal Housing Finance Agency’s House Price Index.

In 2022, the Federal Housing Finance Agency began collaborating with Fannie Mae and Freddie Mac to explore the intersection of climate change, housing finance, housing policy, and community development. Here’s what they found.

As apartment rentals become increasingly hard to come by, spurring widespread competition, a new RentCafe report revealed which U.S. cities offer the most space for the national rent average of $1,700, giving Americans the opportunity to get the best bargain for their money.

The FHFA has announced the conforming loan limit values for mortgages that Fannie Mae and Freddie Mac will acquire in 2024, in adherence to the Housing and Economic Recovery Act, which requires periodic adjustments to reflect changes in average U.S. home prices.

The addition of Jay Hackney as new VP of Transfer Ops and the promotion of Allyson Kiesel to VP of Issues and Enterprise Change Management are the latest moves to bolster the executive team of the mortgage subservicer.