Lenders Loosen Risk Standards as Rates Rise
According to a new report, mortgage lenders are taking increased credit risks similar to those of the early 2000s, Released on Tuesday, the report shows that tThe level of credit [...]
Closing of Interracial Gaps in Education Could Increase Homeownership
There are many factors that have affected homeownership rates after the 2008 financial crisis— specifically in regards to young adult social norms and changes in the housing market. The homeownership [...]
Freddie Mac MSR Changes Hands; Fannie Mae to Follow?
According to a filing with the U.S. Securities and Exchange Commission on Monday, PHH Mortgage Corporation has closed the sale of nearly its entire Freddie Mac portfolio of mortgage servicing [...]
GSE Profit Allocation Decision Could Take a Total 10 Years
In a recent interview, a prominent hedge fund manager said the legal battle with the U.S. government regarding Fannie Mae and Freddie Mac’s profits could last another five years. In [...]
Cost of Living Rises in Tandem with Home Prices
Cost of living is on the rise across the country, according to a report released on Monday that lists the top 10 cities in the country with the fastest rate [...]
Reconstruction Program Aims to Soften Fallout of Natural Disasters
A recent report examined the success of a Build it Back program, which restores homes destroyed by natural disasters. The program has been mostly successful, but some critics find it [...]
Proceed With Caution: Existing Home Sales and Economic Growth
Monday, Fannie Mae reported that they expect a rebound in economic growth and consumer spending will resume its position as the biggest contributor. With labor and inventory shortages still prevalent, [...]
Purdy Selects FotoNotes as Technology Solution
Purdy Enterprise has selected FotoNotes as its technology solution for managing property inspections, maintenance work orders and other field service activities. FotoNotes’ mobile app and cloud platform solution provides companies [...]
The Week Ahead: Summit on Housing, Human Capital, and Inequality
This Friday, Cleveland Federal Reserve Bank President Loretta Mester will be speaking at The Policy Summit on Housing, Human Capital, and Inequality: Transforming Regional Economies—Growth and Equity through Policy and [...]