First Round of ‘Climate Resilience’ Loan Recipients Announced
New federal program is aimed at helping local governments carry out hazard mitigation projects in a major step toward protecting American infrastructure against disaster. Source: DS News
Forbearance Rate Edges Closer to Pre-Pandemic Levels
The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 [...]
Five Star Institute to Award 2023 Laurie A. Maggiano Legacy Award
At this week’s Five Star Conference & Expo in Dallas, the Institute will name the 2023 winner of the Laurie A. Maggiano Legacy Award for leaving an indelible impact on [...]
HUD Awards $8.6M to Assist Native American Veterans Experiencing Homelessness
“No one who has bravely served our country should struggle to secure and maintain housing," said Secretary Marcia L. Fudge. "HUD is taking an important step toward helping improve the quality [...]
Ginnie Mae Announces Social Bonds to Promote Broader Access
Ginne Mae has announced the launch of a “social bonds” label for single-family forward mortgage-backed securities supporting its mission-oriented work and spotlighting positive social impacts of its financing framework. Source: [...]
New Jersey, Illinois Have Largest Concentration of At-Risk Markets
According to ATTOM Data’s newest Special Housing Impact Report, it found that New Jersey and Ilinois had the highest concentrations of the most-at-risk markets in the country. Source: DS News
August New Home Purchase Mortgage Applications Up Nearly 21%
Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for [...]
Sen. Warren Calls on Treasury to Protect the Stability of U.S. Financial System
Citing deteriorating conditions in the bond market, declines in commercial real estate, and losses in the leveraged lending market, Sen. Elizabeth Warren voices her concern over risks to the banking [...]
Mortgage Industry Reps Encouraging Change on Society
Five finalists have been nominated for the Five Star Institute’s Corporate Social Responsibility Award, execs who are driving charitable initiatives, and will be honored at the upcoming Women in Housing [...]