October Home Prices Hold Steady
Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month as the number of homes actively for sale shrank [...]
Sen. Scott Announces Framework for U.S. Capital Markets Reform Measure
Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs has drafted the outline for a bill to revitalize the U.S. economy and boost avenues for capital formation. [...]
Feds Seek to Enhance HECMs for Senior Homeowners
The FHA has proposed changes to the Home Equity Conversion Mortgage Program geared toward improving program stability and to adapt to changing market conditions. Source: DS News
Examining the Impact of the ‘Lock-in Effect’
A new Fannie Mae report examines how the "lock-in effect" is affecting the housing market, as many existing homeowners refuse to sell their homes because their current mortgage rate is [...]
SEC Urged to Finalize Proposed Rule on Climate-Related Disclosures
Rep. Maxine Waters has issued a letter to the Chair of the SEC to move quickly to finalize its proposal in order to improve the quality of climate-related disclosures in [...]
Ranking the Nation’s Cities With the Most Unpaid Mortgages
On average, it may take the average U.S. homeowner 30 years to pay off their mortgage. Click through to find the nation’s cities with the most unpaid mortgages and cities [...]
Fed Holds Nominal Interest Rates Steady
The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their October/November meeting, a repeat of [...]
Freddie Mac Reports $2.7B in Q3 Net Income
Delivering solid third quarter earnings while supporting the U.S. housing finance system, Freddie Mac reported net revenues at $5.7 billion, up 10% year-over-year, driven by higher net interest income and [...]
Zombie Foreclosures Are Still Very Much a Thing
The number of vacant properties sits at well over 1.2 million dwellings amid a serious inventory crunch. Click through to find out what percentage of vacant homes are considered “zombie [...]