News

According to Ginnie Mae, April’s mortgage-backed securities issuance supported the financing of more than 112,000 households, including assisting more than 50,700 first-time homebuyers.

Based on April’s data, potential existing-home sales increased to a 5.34 million seasonally adjusted annual rate, a 0.45% month-over-month increase. This represents a 53.3% increase from the market potential low point over 30 years ago in February 1993.

While overall U.S. rent growth remains slightly elevated above pre-pandemic rates, higher-priced property gains are normalizing, according to CoreLogic's latest Single-Family Rent Index.

New policies set forth by the FHA in Mortgagee Letter 2023-10 will shorten the timeframe for mortgagees to receive Home Equity Conversion Mortgage assignment funds.

The U.S. Department of Housing and Urban Development and the National Association of Home Builders announced new information surrounding the Innovative Housing Showcase, held to raise awareness of innovative and affordable housing designs with the potential to increase housing supply and reduce housing expenses for owners and renters nationwide.

New seven-year deal enables Hawaii-based bank to offer real-time mortgage servicing to help power the customer experience.

”Buyers and sellers alike are looking towards the upcoming Federal Reserve meeting with hope, as some experts anticipate the reversal of rate hikes, which could potentially lead to a resurgence in activity.”

Moody’s Analytics U.S. State of Rent Burden report revealed the top metros where median income households bear the heaviest rent burden across the nation, as the national rent-to-income ratio crossed the 30% rent-burdened threshold in 2022.

Agency soliciting public comments on how its pricing framework protects Fannie Mae, Freddie Mac, and taxpayers against potential future losses, while supporting affordable, sustainable housing and first-time homebuyers.

The MBA reports that approximately 255,000 homeowners remained in forbearance plans through April, as mortgage servicers have provided forbearance options to nearly 7.8 million Americans since April 2020.