Government

A panel of experts assembled by the Five Star Institute and Treliant break down the recent implementation of Section 1071 of the Dodd-Frank Act and how financial institutions are collecting and reporting data on small business loans.

More-and-more people are choosing to go without home insurance for natural disasters for one reason or another. Click through for more on this emerging trend.

“We forecast single-family purchase mortgage originations to be $1.32 trillion in 2023 and $1.41 trillion in 2024, representing downward revisions of $41 billion and $60 billion, respectively, relative to last month’s forecast,” the ESR said.

Thirty-plus-year industry veteran brings experience in anti-money-laundering, risk management, and law enforcement to his new role heading up the company’s Financial Crimes and Fraud Solutions Practice.

Rep. Maxine Waters has reintroduced a legislative package addressing affordable housing, preventing homelessness, and reducing the gap in homeownership.

The Housing Choice Voucher homeownership program could help reduce the racial homeownership gap in the U.S., allowing households with a voucher to use it for mortgage payments rather than rent, advancing homeownership opportunities for Black non-Hispanic households.

Amid larger macroeconomic uncertainties, the total homeownership rate can be attributed to the strong growth in the below-median income homeownership rate, which has sharply increased since 2016.

The U.S. Department of Housing and Urban Development announced the pending publication of the Final Inspection Standards Notice, which will align and consolidate inspection requirements in assisted and insured housing.

Freddie Mac reports that anticipated Federal Reserve rate hikes forced the 30-year fixed-rate mortgage downward yet again, leading to a slight rise in overall application activity.

“The Committee seeks to achieve maximum employment and inflation at the rate of 2% over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5.00% to 5.25%,” the Fed said in a prepared statement.