HUD Issues $382M to Help U.S. States Manufacture Affordable Housing
The U.S. Department of Housing and Urban Development has announced the issuance of $382 million via the Housing Trust Fund that will increase and preserve the supply of decent, safe, [...]
GSEs Report Quarter-Over-Quarter Profit in Q1
Despite an up and down housing market in the first quarter of 2023, both Fannie Mae and Freddie Mac were profitable, proving to be a source of stability for the [...]
Equity-Rich Homes Dwindle During Q1
"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their [...]
Lack of Sellers Problem for Buyers
"A lack of new sellers and homes for sale continues to limit buyers' choices and home sales. Many home sellers are likely future buyers too, which may be why a [...]
Senate Committee Pushes for Renewal of National Flood Insurance Program
A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023. Source: DS [...]
Share of Cost-Burdened Homes Reaches Nearly 18 Million Nationwide
An estimated 21.48% of owner-occupied households in the U.S. are housing cost-burdened, as a new study from LendingTree revealed single women homeowners are most at-risk, while married couple households are [...]
Insurers Post 2022 Losses Due to Inflation and Natural Disasters
Fitch Ratings reports that U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 as insurers continue to deal with above-average catastrophe losses and uncertainty from persistently [...]
Charging Interest Rates Over the Moon!
Attorneys T. Robert Finlay and Jonathan D. Fink explore a recent court ruling where a lender’s settlement agreement with its defaulting borrowers violated California’s usury laws by including a provision [...]
Home Prices Jump Alongside Modest Rise in Demand
Some 30% fewer new listings came on the market in March compared to pre-pandemic norms, meanwhile sales activity experienced a modest increase, according to Black Knight's latest Mortgage Monitor report. [...]