...all-time highs and inventory remains tight.” As equity continues to reach record highs in the senior market, affordability remains a major hurdle for those seeking a home in today’s market....
Read More »Search Results for: Affordability
All But 3% of Mortgages ‘Current and Performing’
...Of these 28,109 modifications, 26,883 or 95.6%, were “combination modifications”—modifications that included multiple actions affecting the affordability and sustainability of the loan, such as an interest rate reduction and a...
Read More »Mortgage Credit Availability Falls to Nine-Year Low
...continue to struggle with affordability concerns, as ATTOM’s 2022 U.S. Home Affordability Report for the third quarter shows that median-priced single-family homes and condos remain less affordable in Q3 of...
Read More »Freddie Mac Expands Efforts to Boost Affordable Housing
To address the nation’s rental housing shortage and affordability crisis, Freddie Mac Multifamily is ramping up financing to support newly constructed or substantially rehabilitated multifamily housing. The company will leverage...
Read More »Ninety Percent of Liens Have an Interest Rate Below 5%
...appeared to hit a floor now registering 93.3% below numbers from September of last year. “Interest rate and affordability challenges have fundamentally changed the mortgage origination market for the remainder...
Read More »Housing Sentiment Slips Again, Nears Record Low
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 1.2 points in September to 60.8, its seventh consecutive monthly decline, amid growing affordability constraints. Surveyed consumers reported expectations that mortgage...
Read More »Gen Z Looks to Manufactured Housing to Fill Housing Needs
...incorrect, perceptions of off-site built housing are quickly changing as younger generations discover the quality and affordability of off-site built homes.” The data also found that the price of a...
Read More »After Giant Leap, Mortgage Rates Cool Slightly
...and CEO of the MBA. “As prospective homebuyers continue to navigate affordability challenges, the ARM share of purchase mortgage applications climbed to nearly 12%.” CoreLogic estimates that wind losses for...
Read More »Congressional Reps Discuss Equitable Access to Housing and Financing
...housing situations, reducing the likelihood of foreclosures and delinquency. “Ending the housing affordability crisis and closing the home ownership gap does not have to be a distant dream,” the authors...
Read More »ALTA Reports Slip in Title Premium Volume During Q2
...back as affordability constraints increase and the Federal Reserve continues to raise interest rates to combat inflation." For the first six months of the year, title premium volume is nearly...
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