Limited Inventory Weakens Conventional Purchase App Activity
The MBA reports that overall mortgage application volume fell for the second straight week, with limited housing inventory and rates nearing the 7% mark hampering affordability for many potential buyers.
View ArticleGovernment Credit Rating Downgrade Forces Uptick in Mortgage Rates
On the heels of Fitch Ratings downgrading the GSEs’ senior unsecured debt ratings to 'AA+' from 'AAA,’ Freddie Mac reports the fixed-rate mortgage climbed nine basis points week-over-week, inching...
View Article2023 Legal League Summit Brings Together Attorneys, Government, Servicers
The semi-annual Legal League Fall Servicer Summit was held as part of the Five Star Conference & Expo in Dallas, as the industry's foremost experts discussed the latest compliance issues facing the...
View ArticleRecognizing 30 Years of Mortgage Industry Excellence
Kim Yowell of Fairway Independent Mortgage was honored at the Keys for Life Gala in Dallas during the Five Star Conference for her contributions to the mortgage marketplace.
View ArticleTrio of Trade Groups Propose Solution to Promote Homeownership
NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal...
View ArticleFHFA Publishes New UAD Appraisal-Level Public Use File
FHFA Director Sandra L. Thompson noted, "Today's announcement exemplifies our commitment to developing a more efficient and equitable valuation system that supports liquid and sustainable housing...
View ArticleHUD Issues New Guidance on Reverse Mortgages
The FHA has released comprehensive guidance for the Home Equity Conversion Mortgage program to enhance delivery for seniors choosing to age in place in their own homes.
View ArticleFHFA Increases Baseline Conforming Loan Limit by $40K+
Keeping pace with the rise in median housing prices nationwide year-over-year, the Housing and Economic Recovery Act requires the FHFA to adjust the GSEs’ baseline CLL value annually.
View ArticleHomes Have Experienced Price Gains Every Quarter Since 2012
The last time the average home experienced a loss in value occurred in 2011, according to a new report. And this year, Vermont topped the list over every other state, experiencing an 11.8% growth since...
View ArticleGinnie Mae Revises Its Definition of High Balance Loans
In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High Balance Loans for single-family forward mortgage loans nationwide.
View ArticleCongress Examines Governmental Barriers to Housing Affordability
The House Financial Services Committee recently gathered a panel of housing experts to analyze affordability challenges in the housing marketplace, with a focus on governmental barriers such as zoning...
View ArticleFHFA Increases the LIHTC Cap for GSEs
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.
View ArticleNational Property Preservation Conference Returned to Washington, D.C.
The annual National Property Preservation Conference once again brought together a cross-section of field services vendors, mortgage servicing professionals, and representatives of government agencies...
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