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Tag Archives: Homeownership

Report Says More Millennials Value Homeownership Over Conveniences

More millennials are valuing homeownership these days and trying harder to gather the funds to buy a home of their own, as a recent survey conducted by Washington, D.C.-based business advisory firm the Collingwood Group indicated. The survey, released Tuesday, showed that 65 percent of people polled between the ages of 24 and 34 were willing to forego modern conveniences in order to save for a down payment to purchase a home.

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Facing the Housing Challenge Head–On: An Exclusive Interview with FHA Chief Edward Golding

Dedicated, visionary, and optimistic about the future of homeownership, Golding has spent more than 25 years in mortgage finance in both the public and private sector. Prior to joining HUD in 2013, he held several senior positions during a 23-year tenure with Freddie Mac—where he served as SVP of Economics and Policy, Program Executive of Making Home Affordable, SVP of Economics and Strategic Analysis, and SVP of Capital Oversight and Economics. Despite his busy schedule shaping the future of American homeownership, Golding sat down with us this month to address your pressing questions on the FHA, mortgage insurance, housing, down-payment assistance, and more. Editor's note: This select print feature appeared in the July 2015 edition of MReport magazine, available now.

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Housing Forecast Highlights Expected Changes for the Second Half of 2015

With the housing market still in recovery from the recession, homeownership is not a commodity that everyone can afford. In fact, it is a luxury. Forbes writer, Erin Carlyle pointed out a housing forecast titled "What to Expect in the Second Half of 2015" that the homeownership rate in 2005 was 69.1 percent, while today, it’s 63.7 percent, the lowest level the nation has seen since 1993. The forecast highlights that sellers are in an ideal market as the demand for housing is back, but for buyers, home prices are not very favorable and continue to rise.

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MGIC Names Stephen Mackey New EVP-Chief Risk Officer

Mortgage Guaranty Insurance Corporation (MGIC), principal subsidiary of MGIC Investment Corporation has selected Stephen Mackey to be EVP-Chief Risk Officer. Mackey will be stepping in to take newly retired Lawrence Pierzchalski’s place and will begin in his new position in late June.

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Hispanic Homeownership Rate Drops to Lowest Level Since 1999

Hispanic homeownership rates have slowed over the past three years. In 2012, the number of homes owned by Latinos increased by 347,000. That number was much lower at 54,000 in 2014. Before the Great Recession, Hispanics were outpacing the national average in homeownership gains. From 1995 to 2004 the Hispanic homeownership rate grew 7 percent, higher than the national average of 5 percent.

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