New capabilities will assist lenders in calculating income more quickly and precisely, thus reducing risk and helping serve more qualified borrowers.
Read More »Tightening Credit Conditions Could Spur Recession
Fannie Mae is still predicting recession conditions to occur this year due to a slow down in the economy, and a tightening of credit standards.
Read More »Monthly Mortgage Payments Hit Record High in April
According to a new report from Redfin, high home prices and mortgage rates are pushing the monthly mortgage payment on a median-priced home to $2,573.
Read More »Radian Appoints Sumita Pandit SVP and CFO
Replacing J. Franklin Hall as CFO, Pandit will be responsible for Radian’s financial functions, reporting, planning and analysis, enterprise capital planning, investment portfolio management, and investor relations.
Read More »The Week Ahead: House Committee to Examine FHFA Actions
FHFA Director Sandra L. Thompson will testify before the House Financial Services Committee to discuss the latest measures taken by the Agency to execute its mission of maintaining the safety and soundness of the GSEs, and ensuring access to affordable and sustainable housing.
Read More »‘Glass Half-Full, Half-Empty’: Examining April Existing-Home Sales
Existing-home sales dropped 3.4% to a seasonally adjusted annual rate of 4.28 million units at a median price of $388,800.
Read More »Record-High Multifamily Construction Helping to Ease Housing Shortages
According to Realtor.com's April Rental Report, rent growth slowed to its lowest rate since the onset of the pandemic, as new data revealed a significant increase in multifamily construction is contributing to lower rent prices and a slowdown in housing shortages.
Read More »Ginnie Mae’s MBS Portfolio Hits $2.39T in April
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.
Read More »Despite Market Conditions, Potential Existing Home Sales Increased 0.45% MoM
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.
Read More »SFR Growth Dipped to 4.3% in March
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.
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