In a continuing effort to help get public housing residents on the road to self-sufficiency, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded an additional $1.2 million
Favorable market conditions helped spur a 19 percent increase in multifamily lending in 2018 to a new high in dollar volume, according to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market.
Last year, 2,669 different multifamily lenders
A veteran and service member streamlined refinance program from NewDay USA, one of the nation’s leading VA mortgage companies, enables military families to lower their mortgage payments while paying no appraisal fees and no out-of-pocket costs. Additionally,
Pending home sales increased in August, a welcome rebound after a prior month of declines, according to the National Association of Realtors®. Each of the four major regions reported
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.64 percent. September has been the most volatile month
Low mortgage interest rates will support California’s housing market in 2020 but economic uncertainty and affordability issues will mute sales growth, according to a housing and
While debt has traditionally had a negative connotation, many people now see it as a valuable tool to help them responsibly manage their finances. In fact, a new 2019 LightStream survey conducted by Wakefield Research found that 79% of Americans
The Federal Housing Finance Agency (FHFA) today released its second quarter 2019 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 31,757 foreclosure prevention actions in the second quarter of 2019, bringing
Contracts for new, single-family home sales increased in August by 7.1% to a 713,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The increase came off a upwardly revised July estimate, which was increased
José R. González, president and CEO of the Federal Home Loan Bank of New York, announced that the Bank has awarded $45.8 million in subsidies to fund 45 affordable housing initiatives throughout New Jersey, New York, Connecticut, Illinois, Maryland and Pennsylvania. These
