FHA to Enhance Its 203(k) Rehab Program
Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or [...]
Managing Today’s Tech Trends in Mortgage Servicing
MortgagePoint had the opportunity to chat with Gagan Sharma, Founder and CEO of BSI Financial Inc., to discuss the evolution of technology in the servicing space, as AI, machine learning, [...]
How Much Did the Average House Appreciate Last Year?
The average, single-family home picked up 5.5% in value during the third quarter of 2023 year-over-year, trumping gains seen during the second quarter by a modest clip according to the [...]
FHFA, GSEs Examine Climate Impacts on Vulnerable Peoples
In 2022, the Federal Housing Finance Agency began collaborating with Fannie Mae and Freddie Mac to explore the intersection of climate change, housing finance, housing policy, and community development. Here’s [...]
Where Can U.S. Renters Get the Biggest Bang for Their Buck?
As apartment rentals become increasingly hard to come by, spurring widespread competition, a new RentCafe report revealed which U.S. cities offer the most space for the national rent average of [...]
FHFA Raises Bumps Up 2024 Conforming Loan Limits
The FHFA has announced the conforming loan limit values for mortgages that Fannie Mae and Freddie Mac will acquire in 2024, in adherence the the Housing and Economic Recovery Act [...]
Cenlar Appoints Two New Execs
The addition of Jay Hackney as new VP of Transfer Ops and promotion of Allyson Kiesel to VP of Issues and Enterprise Change Management are the latest moves to bolster [...]
Foreclosure Starts Rose in October; Now at Highest Level in Over a Year
Despite the improvement in delinquencies, foreclosure starts rose to 33K in October, hitting their highest levels in 18 months. Source: DS News
Survey Finds American Dream Still Alive Despite Inflation, Mortgage Rates
A new survey from Falls & Co. finds that Americans still have not soured on the idea of owning a home despite challenging current market conditions. Source: DS News