OCC Delivers State of the Federal Banking System in Annual Report
Among the OCC’s highlights from the past year was its work with the Property Appraisal and Valuation Equity (PAVE) Task Force, in advancing property appraisal and valuation equity to help [...]
Fannie Mae Survey Reports Easing Mortgage Rates
While mortgage rate futures may come down, high home price expectations still have tight hold on the market. Source: DS News
Applying the Homestead Exemption in Spousal Abandonment Cases
A recent case in Florida addressed the situation where alienation of a homestead property occurs, when one spouse takes out a mortgage without the other spouse’s consent. Source: DS News
First American Releases Potential Home Sales Model for November 2022
According to the Potential Home Sales Model for November 2022, potential existing-home sales increased to a 5.24 million seasonally adjusted annualized rate, representing a 2.5% month-over-month increase. Source: DS News
FHFA Releases 2023 Scorecard for the GSEs and Common Securitization Solutions
The 2023 Scorecard builds on the progress made by the GSEs in 2022 to strengthen capital position, while advancing equitable and sustainable access to homeownership and rental housing nationwide. Source: [...]
Homebuyer Interest Wanes in Former Pandemic Hotspots
Declines in pending home sales were found by Redfin in pandemic homebuying hotspots of Las Vegas, Phoenix, and Austin, each reported pending sales plummeting more than 50%. Source: DS News
HUD Awards Nearly $25M to Provide More Affordable Housing
HUD has announced the grant will help provide permanent affordable housing to non-elderly persons with disabilities, helping them live independently as self-sufficient members of their communities. Source: DS News
Housing Gains Have Slowed Significantly Since Q2 2022
After more than a decade of overheated growth, the rapid increase in mortgage rates helped stall progress in the U.S. housing market in 2022. Source: DS News
Examining 2023 Housing and Economic Predictions
A new study from LendingTree, according to experts, predicts the average interest rates on 30-year fixed mortgages to be between 5.5% and 6.5% when 2023 ends. Source: DS News