The FHFA has reduced the multifamily loan purchase caps for Fannie Mae and Freddie Mac in 2024, continuing a commitment to address the need for affordable rental housing nationwide.
Read More »FHA Helped 765,000 Families Purchase Homes in FY 2023
The FHA has issued its Annual Report to Congress for fiscal year 2023, highlighting the impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and support of underserved borrowers and communities.
Read More »Mausam Bhatt Promoted to Chief Product and Technology Officer at Realtor.com
Former Head of Product Management for Google Commerce is promoted by Realtor.com to develop and execute product strategy and optimize the company's tech infrastructure.
Read More »Mortgage Credit Availability on the Rise in October
Driven by increased activity in the jumbo mortgage market, the MBA reported mortgage credit availability on the rise to begin Q4, as lenders have begun to offer more ARM products to offset mortgage rates that reached nearly 8% in the second half of October.
Read More »Arch MI to Acquire Old Republic’s Mortgage Insurance Ops, RMIC
As part of the $140 million transaction, Arch will acquire stock from RMIC and its wholly-owned subsidiaries that together comprise Old Republic’s run-off mortgage insurance business.
Read More »New Appraisal Requirements Announced for Higher-Priced Mortgages
The CFPB, Federal Reserve Board, and OCC have jointly launched new thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans for 2024.
Read More »Median Homebuyer Income Jumps $20K YoY
A new report from NAR has found that the typical home buyer's annual household income has climbed to a new record high in the wake of rising home prices and mortgage rates.
Read More »The Week Ahead: Tackling the Nation’s Housing Shortage Dilemma
An upcoming gathering hosted by the Urban Institute and National Community Stabilization Trust will feature a cross-section of industry experts and government leaders exploring how to boost the U.S. housing shortage and protect the future of homeownership.
Read More »Jason Birnbaum Appointed President of Flagstar’s Private Bank
Bringing more than 25 years of private banking experience to his new role as EVP and President, Jason Birnbaum succeeds Senior EVP and President of Commercial and Private Banking Eric Howell, who will transition to a non-executive advisory role.
Read More »Is Now an Ideal Time to Buy a Home?
Redfin analysts weigh a number of variables playing into potential homebuyers’ decision-making process and reveal why now may be the best time to pursue the American dream of homeownership.
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