Just days after closing the doors of SVB Financial Group, the FDIC names former Fannie Mae head to lead Silicon Valley Bank, a subsidiary of SVB Financial.
Read More »HUD Addresses Housing Goals in President’s 2024 Budget
With approximately $73.3 billion earmarked for HUD in 2024, the Department would make an investment in building affordable housing, expand access to homeownership, and address housing discrimination.
Read More »Defaults Expected to Rise, Yet Remain Manageable
“With prices beginning to decline in selected metro areas and many more to follow over the next couple years, mortgage lenders and investors will have to tighten underwriting standards and increase selectivity until house prices bottom,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan.
Read More »Median U.S. Asking Rents Rise Nearly 2% YoY
According to a new report from Redfin, the nationwide median asking rent inched upward just 1.7% in February, marking the smallest increase in nearly two years, and the lowest level in 12 months.
Read More »Fannie Mae Reportedly Postpones $500M-Plus Mortgage Bond Sale
Amid tumult in the securities market after last week’s disintegration of Silicon Valley Bank, the GSE informs investors it has postponed sale of mortgage bonds.
Read More »Housing Market 2023: Predictions and Strategies
With 2021 benefiting home sellers, Louis Amaya of PEMCO Capital Management details how the transition to a distinctly buyer-biased market is on the horizon.
Read More »CFPB Reports on Illegal Fees Levied by Mortgage Servicers
The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.
Read More »Luxury Home Purchases Approaching All-Time Lows
According to Redfin, luxury-home purchases and investment properties plummeted 45% as the supply of luxury homes also nears historic lows.
Read More »Affordability, Warmer Metros Continue to Attract Homebuyers
According to a new report from CoreLogic, homebuyers continued to seek affordable metros, as remote work drove more people to affordable states such as Florida, Texas, and South Carolina in 2022.
Read More »Dampening Demand Prevents Would-Be Home Sellers From Listing
According to a new report from Redfin, as homebuyers' monthly mortgage payments hit a record high, dampening demand is preventing many would-be sellers from listing their homes.
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