Ginnie Mae’s MBS Portfolio Surpasses $2.5T in December
December’s new mortgage-backed securities issuance by Ginnie Mae will support the financing of nearly 95,000 households, including more than 47,000 for first-time homebuyers. Source: DS News
U.S. Home Appraisals Slide YoY in Q3
An analysis of data by the FHFA of Uniform Appraisal Dataset Aggregate Statistics for the third quarter has found a year-over-year decline in the total number of U.S. home appraisals. [...]
How Much Money Are America’s Homes Worth?
New York, Los Angeles, and San Francisco are the most valuable metros in the U.S., according to a new LendingTree study, but it may come as a surprise how much [...]
Report: Mortgage Rates Remain Major Barrier to Millennial Homeownership
A new study has found that 96% of millennials cite high interest rates as impacting their home buying plans, and 70% say inflation has affected their plans. Source: DS News
HUD’s Office of Inspector General Highlights Management Challenges in 2024
HUD’s Office of the Inspector General has issued its Fiscal Year 2024 priority open recommendations report outlining actions that the Department can take to address health and safety in HUD-assisted [...]
Mr. Cooper Taps Mike Weinbach as New President
Former CEO of Consumer Lending for Wells Fargo joins mortgage loan servicer to lead the company’s origination, servicing, and technology operations. Source: DS News
‘House Poor’ Homeowners Continue to Face Affordability Challenges
The share of homeowners that are considered “house poor” has risen above 30%, according to a new study from Creditnews, as housing affordability remains a challenge for American households nationwide. [...]
New-Listing Increases Point to a More Active Market for Prospective Buyers
Inventory levels are improving, and home sellers were more active this December, according to Realtor.com's Monthly Housing Market Trends Report. With the number of homes for sale growing year-over-year, experts [...]
HUD Reaches Agreement With Rental Provider Over Fair Housing Act Violations
In an agreement over non-discrimination in marketing and tenanting procedures, HUD renews its commitment to ensuring that all eligible applicants have the opportunity to participate in Department-funded housing programs. Source: [...]