On March 22, the average interest rate on the 30-year fixed mortgage reached 4.72%, moving 26 basis points higher since last Friday. This is compared to March 2021 when rates were about 3.45%. As a...
Read MoreIn a newly released blog post, the Consumer Financial Protection Bureau (CFPB) expressed they are closely monitoring what practices servicers are conducting to help borrowers avoid foreclosures. Lorelei Salas, Assistant Director for Supervision Policy, wrote...
Read MoreFannie Mae, set to complete its first scheduled Connecticut Avenue Securities sale of 2022, had postponed for a week due to market volatility caused by the Russian invasion of Ukraine. This Credit Risk Transfer (CRT),...
Read MoreWith the inflation rate at its highest in four decades, real estate investors are concerned about the strength of the market’s ability to combat against higher prices. Commercial properties have long been viewed as inflation...
Read MoreThe latest S&P CoreLogic Case-Shiller Home Price Index report, released February 22, included data for December, closing out the year for 2021. The results were remarkable, with home price gains for the year at 18.8%...
Read MoreThe Wall Street Journal reports that momentum is growing in multifamily apartment real estate in the South and Southwest among investors. Investors poured a record $335.3 billion into apartments across the country in 2021. Nearly...
Read MoreThe Federal Housing Finance Agency (FHFA) released a draft of its strategic plan for 2022-2026 and is requesting public input. The FHFA Strategic Plan centers around three major objectives which include: to secure the regulated entities' safety and soundness,...
Read MoreBankrate reports that manufactured housing has become a viable solution in addressing nationwide property shortages and home purchase affordability. Mortgages on manufactured homes situated on owned (rather than leased) parcels are eligible to be backed...
Read MoreNational Mortgage News reports on the progress being made by the industry to update private-label securities (PLS) data standards. The initiative being taken on by SFA draws on the collaboration of market participants to create...
Read MoreFreddie Mac released its quarterly Forecast on January 21 with a review of 2021 that cited the unemployment rate at 3.9% in December of 2021 and nonfarm payrolls still significantly below pre-pandemic levels. With the...
Read MoreOn January 21, Ginnie Mae issued a new memorandum announcing that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM). Specifically, the new changes, effective for all ALMs, remove the requirement for...
Read MoreThe National Association of Home Builders (NAHB) released their monthly index on January 18 showing the first decline of confidence among single-family home builders in four months, with future sales expectations for the next 6...
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