On the State of Black Homeownership
A new report lays out its annual findings on the state of housing in Black America. Source: DS News
FHA Issues Forward and Reverse Loan Limits for 2023
Keeping in line with the steep increase of housing prices nationwide, the FHA has set forth its Single Family Title II forward and Home Equity Conversion Mortgage loan limits for [...]
FHFA Announces Revised Deemed-Issuance Ratio for 2023
In accordance with IRS guidelines on the trading of Uniform Mortgage-Backed Securities, the FHFA’s deemed-issuance-ratio for the new year will be set to 53% for Fannie Mae and 47% for [...]
HUD Seeks to Expand Homeownership for Native American Families
A new HUD proposed rule aims to increase homeownership opportunities for Native American families by providing a federal guarantee on qualifying loans in the event of default. Source: DS News
PHH Mortgage Names New Default Servicing SVP
Michael Keaton joins PHH Mortgage Corporation as its new SVP of Default Subservicing. Source: DS News
Comptroller of Currency Opens New Office
The Office of the Comptroller of the Currency is opening a new Financial Technology to add expertise to the department, allowing them to better adapt to modern markets. Source: DS [...]
Homebuyers to Face Home Price Increases Nationwide in 2023
According to Realtor.com's 2023 Housing Forecast, homebuyers will face home price increases nationwide in all of the 100 largest U.S. markets in 2023, while those who can afford to purchase [...]
Pending Home Sales Dip for Fifth Consecutive Month
After experiencing a near 5% monthly drop off in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the [...]
Consumer Credit Health Stable
Despite a higher interest rate environment and the ever-present inflation, consumer credit health remains stable. Source: DS News