FHA Proposes Update to HECM Assignment Claims Eligibility Policy
New proposal seeks stakeholder feedback to ensure long-term viability for the HECM program and expanded availability for senior homeowners. Source: DS News
HELOCs Inaccessible to Nearly Half of U.S. Homeowners
A new study from Point showed that U.S. homeowners have an estimated $29.3 trillion available in home equity, but nearly half of those Americans are unable to access it. Source: [...]
The Week Ahead: REO Agents Expand Into Hedge Fund Listings
As hedge funds are invested more within the REO market, a growing demand for skilled agents is necessary, and an upcoming course presented by Five Star’s FORCE group will tap [...]
Measuring the Window of Homebuying Opportunity
With mortgage rates plummeting 26 basis points week-over-week, Redfin reports that buyers may have a limited amount of time to take advantage as the average rate sits at its lowest [...]
FHFA Releases Annual Report Highlighting 2022 Performance of FHLBanks
“FHFA’s comprehensive review of the Federal Home Loan Bank System has highlighted its long-term importance in both providing liquidity in the housing finance market and promoting housing affordability and community [...]
Rental Market Moderates as New Inventory Gets a Boost
A new Redfin report revealed the share of rental vacancies has increased as more inventory enters the market, causing median asking rents to flatten nationwide from their record high reached [...]
HUD Announces $50M to Address Youth Homelessness, Improve Housing Placements
As rising unaffordability plagues the nation, the U.S. Department of Housing and Urban Development has granted millions in funding for new resources to help communities transition people from homelessness to [...]
Mortgage Delinquencies Rise 25 Basis Points Quarter-Over-Quarter
The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–conventional, FHA, and VA. Source: DS News
More Than 80% of U.S. Metros Reported Q3 Home Price Gains
NAR reports that single-family existing-home sales prices rose in 182 of 221 metros nationwide in the third quarter, as the national median home price grew to $406,900. Source: DS News