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HUD Grants Nearly $84M to Combat Youth Homelessness

The grants to support innovative housing programs in multiple communities nationwide will help in targeting federal resources to meet and support local needs and community-driven efforts to end youth homelessness, improving the process and outcome through more stable housing and services.

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Mortgage Rates Creep Toward 7% Mark

Mortgage rates continue to force down application volume, with Freddie Mac reporting rates moving slightly upward yet again this week, adversely impacting the housing market as demand dwindles.

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Former Freddie Mac Boss Discusses the Future of the GSEs

“It turns out that the core of the GSE business model—which protects the availability of the 30-year fixed-rate mortgage for the typical American homeowner—was really quite effective within the complex system of U.S. housing finance and unexpectedly hard to replace,” said Don Layton, former CEO of Freddie Mac, in a new op-ed.

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Fixed-Rate Mortgages Reach 20-Year High

After a slight break last week, Freddie Mac reports the fixed-rate mortgage inched closer toward the 7% mark, as recessionary concerns and housing affordability continue to drive down housing demand.

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Recession by 2023? Fannie Mae Weighs In

Over the last few weeks, markets have increasingly—and perhaps reluctantly—reflected the resolve of the Fed to lower inflation via rapid tightening of monetary policy," said Doug Duncan, Fannie Mae SVP and Chief Economist.

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All But 3% of Mortgages ‘Current and Performing’

A new report required by law under the Helping Families Save Their Homes Act of 2009, a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, showed that the majority of loans are current, and foreclosures remain below levels recorded before the pandemic.

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