Fannie Mae has announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score. Beginning September 27, 2022, eligible ...
Read More »HUD Issues 19,000-Plus Housing Vouchers
Marking the most expansive allocation of flexible rental assistance in nearly 20 years, HUD Secretary Marcia L. Fudge has delivered more than 19,000 new Housing Choice Vouchers nationwide.
Read More »New Home Purchase Apps Rebound in August
The MBA reports that new home purchase applications were down year-over-year in August but made a comeback after four consecutive months of declines.
Read More »Tumultuous Economic Conditions on Horizon After Recent Fed Move
According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and ...
Read More »CFPB Explores Ways to Shape Future Policy Initiatives
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to ...
Read More »Homebuyer Affordability Inches Upward in August
Homebuyer affordability improved for the third consecutive month in August, with the national median payment applied for by applicants decreasing to $1,839 from $1,844 in July. This is ...
Read More »Mortgage Rates Climb to New 14-Year Highs
As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.
Read More »Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their ...
Read More »Property Management, Servicing & Compliance Labs Explore Industry Challenges
With representatives from numerous banks and servicers, as well as government agencies such as FHFA, the GSEs, and the CFPB, the Five Star Educational Labs delved into headwinds and insights from dozens of subject-matter experts.
Read More »Five Star Conference Launches With Focus on REO Market
The annual Five Star Conference gathers mortgage servicing industry executives with government representatives, attorneys, service providers, and others. Sunday’s lineup included programming aimed at the agent membership of Five Star’s Federation of REO Certified Experts (FORCE).
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