According to an economist for the GSE, however, the pace of economic recovery will be driven largely by factors related to the coronavirus.
Read More »HECM Endrosements Falling, But Still High
A June dip follows a spike last May and still accounted for the second highest endorsement tally in over a year. Total endorsements for home equity conversion mortgages ...
Read More »Greener Pastures? Homebuyers’ Interest Turns to Rural America
The trend, economists say, is partly due to the fact that pandemic-related working from home means commute times are no longer a major factor for some people. The ...
Read More »President Trump, HUD Secretary Carson Op-Ed on ‘Defending Suburbs’
Repeating the President's recent campaign talking points, the op-ed piece defends traditional single-family zoning, which critics say does not sufficiently address the shortage of affordable housing.
Read More »Housing Health Improves Despite Pandemic Persistence
Low mortgage rates and declining unemployment have started to positively shift the home buying outlook. Activity could return to its early 2020 growth trajectory, researchers said.
Read More »Q2 2020: Metro Home Price Breakdown
According a recent quarterly report, nearly every metro area in America experienced an increase in home prices during the second quarter of the year. Here’s where prices rose the most.
Read More »HUD Approves Alternate Uses for COVID-19 Relief Funds
HUD Secretary Dr. Benjamin Carson said, “In combatting the novel coronavirus, we have to be responsive to challenges as they arise.”
Read More »Mortgage Industry Reacts to New GSE Refinancing Fee
The fee, the enterprises say, will protect them from losses from low interest rates, related to COVID-19. Some, however, are critical of the timing.
Read More »Freddie Mac Reports Mortgage Rates Are Moving on Up
Even with this week’s uptick, economists suggest low rates still provide a significant boost to the housing market that continues to hold up well during this uncertain time.
Read More »Unemployment Claims Demonstrate ‘Gradual Improvement’
Though nowhere near pre-pandemic numbers, jobless claims are dropping. Learn which state saw the largest decrease, and what one Fannie Mae economist had to say about the numbers.
Read More »
theMReport.com Your trusted source for mortgage banking news