Tag Archives: Government

According to the New York Fed, mortgage balances were largely unchanged from the previous quarter, partly due to declining mortgage originations and slowing home prices.

Consumer confidence in the housing market may have plateaued, according to Fannie Mae's Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, as shrinking supply and affordability conditions continue to pose challenges.

“Investing in our Tribal communities is essential. HUD is committed to ensure support, so these communities have access to essential resources.” said HUD Secretary Marcia L. Fudge. “The purpose of these grants is to create more equitable outcomes for Tribal residents.”

"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets.

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.

The U.S. Department of Housing and Urban Development has published the Final Rule for the National Standards for the Physical Inspection of Real Estate in the Federal Register, which will be effective July 1 and October 1 for all rental assistance programs.

The U.S. Department of Housing and Urban Development has announced the issuance of $382 million via the Housing Trust Fund that will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely-low and very low-income households.

The Consumer Financial Protection Bureau announced a revised version of its Methodology for Determining Average Prime Offer Rates, used to measure and determine average rates for purposes of federal mortgage rules.

According to Fannie Mae's Economic and Strategic Research Group, experts project the gradual tightening in credit conditions due to recent bank turmoil will contribute to a modest recession beginning in the second half of 2023. Click here to learn more.

While mortgage rates and supply constraints persist, the significant lack of housing supply remains supportive of home prices, as prices inched up 1% in Q1 2023.