Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.
Read More »New Residential Sales Slow in August
Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.
Read More »2023 Legal League Summit Brings Together Attorneys, Government, Servicers
The semi-annual Legal League Fall Servicer Summit was held as part of the Five Star Conference & Expo in Dallas, as the industry's foremost experts discussed the latest compliance issues facing the industry.
Read More »Spotlighting Women Executives Promoting Equitable and Sustainable Homeownership Nationwide
Five finalists have been named for the Five Star Institute Keys in Hand Award, shining the light on women in the industry who have spearheaded efforts to increase homeownership opportunities for all.
Read More »As Mortgage Rates Reach New Highs, Consumer Sentiment Shifts
“Mortgage rates once again breached the 7% mark in August, hitting a 22-year high and doing no favors for consumer sentiment,” said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Fannie Mae Examines Remote Work and Affordability
“When remote work is coupled with the reported rise in the importance of affordability, it's not surprising that respondents expressed a greater willingness to live farther from their current location,” noted a Fannie Mae report. “Of course, renters indicated the greatest affordability concerns, as well as a willingness to consider areas farther away from their current location.”
Read More »Fannie Mae Experts Weigh in on Possibility of Economic ‘Soft Landing’
While the “if” and “when” of a recession remain uncertain, the Fannie Mae Economic and Strategic Research Group does forecast one to occur, expected to begin in the first half of 2024—despite increased chances of a “soft landing.”
Read More »New Building Permit Numbers Beats Expectations
“U.S. housing starts in July were at a seasonally adjusted annual rate of 1.452 million, which is 3.9% above the downward revised June estimate of 1.398 million and is 5.9% above the July 2022 rate of 1.371 million,” First American Deputy Chief Economist Odeta Kushi said.
Read More »Big Data’s Role in Appraisal Modernization
Matt Stepanovich of SingleSource Property Solutions discusses big data’s role in standardizing property valuations and the future of appraisal modernization.
Read More »Preserving Home Values Nationwide
An upcoming webinar presented by the Five Star Institute and Brookstone Management will examine the responsibilities of home preservation experts in combating blight, returning foreclosed properties to the market, and protecting property values.
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