As the deadline nears for the renewal of funding for the National Flood Insurance Program, the Senate Banking Committee will spotlight the importance of the program, and how a lapse in the program could threaten 1,300 property sales each day.
Read More »Expert Insights: Inventory Levels, Fed Rates, & More
Douglas G. Duncan, SVP and Chief Economist for Fannie Mae, discusses what we should expect out of the housing market in 2022.
Read More »Mortgage Rates Finally Eclipse the 3% Mark
Rates have inched higher and higher over the past few weeks, finally moving past the 3% mark for the first time since late May.
Read More »Biden’s Eviction Moratorium Blocked After Supreme Court Ruling
The U.S. Supreme Court has put a stop to the extension of the eviction moratorium by the CDC, with tenants losing vital protections.
Read More »Rental-Aid Distribution Remains Slow
With the well-being of both property owners and tenants dependent upon the funds, the Treasury reports, "grantees need to do more to urgently accelerate efforts."
Read More »Affordable Housing vs. GSE Reform
In light of proposed housing finance reforms, a study looked at the effectiveness of measures in place regarding the fee paid by the GSEs to HUD and The Treasury towards raising funds for affordable housing and here’s what it found.
Read More »Mortgage Rates Continue Upward Trend
The expectation on future hikes by the Federal Reserve as well as increased borrowing by the U.S. Treasury drove mortgage interests up according to the Primary Mortgage Market ...
Read More »Fed’s MBS Runoffs Projected at $197B in First Year
A new report indicates this amount is higher than precrisis levels, but less compared to the current level of over $4 trillion.
Read More »Credit Unions’ Statutory Lending Cap Blocks Underserved Consumers
Credit unions are in a better position to assist underserved consumers, but a lending cap imposed on credit unions by the U.S. Treasury is keeping these institutions from better serving consumers.
Read More »Judge Orders Treasury to Disclose Fannie & Freddie Conservatorship Documents
A ruling in the Federal Claims Court on Tuesday made by Judge Margaret Sweeney will force the U.S. Treasury to disclose all of Fannie Mae’s and Freddie Mac’s conservatorship documents. Over 10,000 discovery documents will be released to the United States District Court of Appeals in Washington D.C. and the United States District Court. Fairholme Funds made the request in court against the GSEs, claiming that their investor ownership stake was taken unlawfully from them by the government when the conservatorship occurred. Fairholme's efforts are a step toward getting their ownership stake returned to them.
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