The Federal Housing Finance Agency said prior proposals will not be implemented due to the changing markets caused by the pandemic.
Read More »The Week Ahead: Can Housing Starts Rebound?
Also in The Week Ahead, is a report on the confidence of home builders and the Federal Housing Administration will host a webinar on COVID-19.
Read More »DS5: Can Purchase Applications Continue to Rise?
In the latest DS5: Inside the Industry, Michael Oursler, COO, NewDay USA, discusses how COVID-19 may cause originators to re-examine their business models.
Read More »Financial Services Committee Looks to Reverse Ruling to CRA
The push is led by Chairwoman Maxine Waters, who said the former Comptroller of the Currency “rushed out a harmful rule.” Click through to read more.
Read More »Newly-Pending Home Sales up 28% Monthly
The average home price is now over $330,000, but inventory remains a concern. Click through for more information.
Read More »Quicken Loans IPO Could be Largest of the Year
The company’s CEO said in a prior interview that March was “the biggest closing month” in its history.
Read More »Homeowners in Redlined Neighborhoods Have Declining Home Equity
A new report found homes in redlined areas gained 52% less value, more than $200,000, over the past 40 years.
Read More »Mortgage Rates Increase Slightly
Freddie Mac says the increased homebuyer demand comes from prospective buyers with higher incomes.
Read More »Home Flipping Represents Growing Share of Home Sales
Analysis of the report says the flipping has “gradually taken up a larger portion” of the housing market. Click through for more information.
Read More »The Federal Reserve to Increase Holdings of MBS
The statement from the FOMC said it would continue this plan “at least at the current pace” to ensure the market functions smoothly.
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