FHFA Director Sandra L. Thompson noted, "Today's announcement exemplifies our commitment to developing a more efficient and equitable valuation system that supports liquid and sustainable housing finance."
Read More »Homeowners Reveal Frightening Facts as Halloween Approaches
While U.S. mortgage rates sit at an all-time high, a new report from Real Estate Witch revealed that while Americans grapple with housing affordability, an estimated 63% of homebuyers would offer below-market value for a haunted home. Click here to see more.
Read More »It’s the 80s Again: Market Closely Resembles That of 40 Years Ago
“The average 30-year, fixed mortgage rate trended upward throughout September, approaching 8% in early October. Higher mortgage rates have a dual impact on the housing market–reducing affordability for buyers and strengthening the rate lock-in effect for potential sellers,” said Mark Fleming, Chief Economist at First American.
Read More »Mortgage Apps Dip to Levels Last Recorded in 1995
As mortgage rates drive upward for the sixth consecutive week, overall application volume fell after a week of rebounding, falling to levels last seen 28 years ago.
Read More »How Much Do First-Time Buyers Need to Make to Afford a Home?
“In a homebuyer’s ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest payments. But that’s not what’s happening now,” said Redfin Economics Research Lead Chen Zhao.
Read More »Trio of Trade Groups Propose Solution to Promote Homeownership
NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.
Read More »Fannie Mae: Affordable Housing Impact Since Re-Entering LIHTC Market
From 2018-2022, the GSE has invested more than $3 billion to expand affordable housing supply and meet critical housing needs in underserved communities through Low-Income Housing Tax Credit equity investments. Here’s how those investments are paying off.
Read More »AI to Support Lenders During the Mortgage Automation Process
"New AI-powered technologies are allowing lenders to complete their work without having to maintain today’s high staffing levels," said Argun Kilic, CEO of Areal. "Even better, these new tools work with their legacy technologies."
Read More »Origination Forecast 2024: MBA Predicts Lower Rates Next Year
“Both fiscal and monetary policies have contributed to the much higher level of mortgage rates in 2023,” said Mike Fratantoni, Chief Economist and SVP for Research and Industry Technology for the MBA.
Read More »Home Prices Remained Resilient Through Q3, But Will That Change?
According to a new report from Fannie Mae, a deceleration in home prices is likely in 2024, with economic growth projected to slow.
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