Government

The omnibus appropriations bill, which is a $1.1 trillion bipartisan spending bill that includes the extension of several tax relief provisions, was signed into law late last week.

Should housing policy continue to focus on traditional homeownership or concentrate its efforts on a broader definition of what constitutes “shelter?”

Fannie Mae and Freddie Mac recently made headlines when congress members said that the GSEs had a monopoly on their credit scoring system due to their singular use of the FICO score.

The Federal Housing Finance Agency (FHFA)’s 7-year-old conservatorship of Fannie Mae and Freddie Mac will continue for at least another year despite the fact that it was meant to be temporary.

The Fannie Mae survey found that the easing of credit standards may help solve some of the affordable housing problems that the housing market has been experiencing.

So now that the rates are higher, mortgage industry professionals are now wondering how this change will be impact their business moving forward into the new year. Several executives sat down with MReport to give their thoughts on if the housing market will thrive, stall, or completely shatter in the near future.

Many factors have been contributed to the lessening number of young homeowners over time—excluding a brief spike during the housing boom—but this may be about to change in the near future.

Careless underwriting standards is causing an influx of credit risk in bank lending portfolios, which could be a huge mistake for these lenders over the long-term.

Despite yesterday's report that home builders' confidence was down, they have certainly been busy with new construction in November 2015.

The Federal Reserve made the long-awaited, much-anticipated announcement on Wednesday afternoon that federal funds target rate will increase by a quarter of a percentage point from its near-zero level where it has been since 2006.