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Souren Sarkar of mortgage automation provider Nexval shares his thoughts on the future of the industry and feels that politically driven policies will increase housing affordability and reduce rates.

Under new deal, Fannie Mae and Freddie Mac will be allowed to invest up to $1 billion annually in the Low-Income Housing Tax Credit market as equity investors.

An anticipated rise in inventory and decline in mortgage rates are expected to ease affordability concerns for many as we enter 2024.

Mortgage lender seeks to expand it construction loan volume in 2024 with the addition of 20-plus year industry veteran Melony Harpe.

The latest data from the Mortgage Bankers Association found that the new median mortgage payment decreased slightly from October.

Joe Camerieri and Jim Rosen from Mortgage Cadence discuss how deploying tools like AI chatbots will never replace the human touch, yet enhance the knowledge base of mortgage professionals.

“Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.

Home builders reversed a four-month downward trend in December, as a reduction in mortgage rates and strong economic data have spurred housing production nationwide.

New data from the Department reveals that more than 650,000 people experienced homelessness on a single night in January 2023, a 12% increase over 2022.

The average down payment now takes nearly 7.5 years to save up, and the effect that stat is having on the market is adding to the number of cost-burdened Americans nationwide.