Government

While saving for a down payment continues to be one of the most challenging barriers to homeownership for many, Freddie Mac’s latest multipronged action removes industry-wide barriers to down payment assistance (DPA) programs, helping provide mortgage loans and financial assistance to lower-income homebuyers across the nation.

Through the month of October, the VA has housed more than 38,000 homeless veterans, reaching its goal two months early and prioritizing ending veteran homelessness as a top aim.

A new proposed rule would provide residents of public housing or in properties receiving project-based rental assistance 30 days' notice to cure lease violations for nonpayment of rent.

The MBA reports that the average national median mortgage payment rose to $2,199 in October, a $143 year-over-year rise. Here are the factors that were “dissuading would-be buyers from entering the housing market.”

In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High-Balance Loans for single-family forward mortgage loans nationwide.

The last time the average home experienced a loss in value occurred in 2011, according to a new report. And this year, Vermont topped the list over every other state, experiencing an 11.8% growth since last year.

Keeping pace with the rise in median housing prices nationwide year-over-year, the Housing and Economic Recovery Act requires the FHFA to adjust the GSEs’ baseline CLL value annually.

HUD’s latest investment will boost access to housing vouchers for families by addressing barriers to equitable housing solutions in seven markets nationwide.

Homebuyers nationwide are finding some relief entering the Thanksgiving holiday, as mortgage rates have fallen to levels last reported in late-September, garnering interest from buyers and driving up overall app volume to levels not seen in over a month.

How can digitization help reshape the battle against seller impersonation fraud as cybercriminals continue to find new ways to exploit unsuspecting buyers?