Typical Home Price Now Demands Above Average Salary
The typical home now requires an annual salary of $115,000, well above the typical median income in the country. Source: DS News
Rent Growth Moderates Nationwide, But SFR Prices Remain Elevated
While annual single-family rent growth slowed to nearly 3% in August, marking the 16th consecutive month of declines, a new report from CoreLogic revealed that rents have increased by 30% [...]
FHFA Expands ‘Rep and Warrant’ Relief Following Pandemic Forbearances
"Forbearance was an invaluable tool for borrowers experiencing financial hardship due to the COVID-19 pandemic," said FHFA Director Sandra L. Thompson Source: DS News
Forbearance Volume Drops Slightly in September
MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. [...]
HUD Launches Latino Task Force
In line with Hispanic Heritage Month, the Department of Housing and Urban Development has launched a new task force dedicated to empowering the Hispanic community and bridging disparities in housing, [...]
MBA Ups Origination Volume Forecast for 2024
Looking into 2024, the Mortgage Bankers Association (MBA) has announced that it now predicts origination volume to total $1.95 trillion in 2024. Source: DS News
Long-Term Interest Rates Projected to Impact Economy
New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time, [...]
Examining the Consequences of the FHFA’s Transition to a Bi-Merge Credit Analysis
A new report from TransUnion explores the FHFA’s proposal to utilize two instead of three credit reports, and the significant impact such a move would have on consumers, mortgage lenders [...]
Freddie Mac Launches New Down Payment Assistance Tool
The new DPA One option works to quickly and efficiently access and compare down payment assistance programs in order to help more first-time homebuyers achieve homeownership. Source: DS News