FHA Proposes Update to Home Equity Conversion Mortgage Assignment Claims Eligibility to Strengthen Market Liquidity
Proposal posted for feedback will ensure long-term program viability and expanded availability for senior homeowners. WASHINGTON - The Federal Housing Administration (FHA) today announced it has posted for industry feedback a proposed update to its Home Equity
Dave Hershman – The Mortgage Rate Questions
We will ask three mortgage questions this week. First, why are mortgage rates so high? We know why interest rates are high—the Federal Reserve has increased short-term rates to deal with stubborn inflation. But
FHFA House Price Index Up 0.6 Percent in August; Up 5.6 Percent from Last Year
FHFA House Price Index Up 0.6 Percent in August; Up 5.6 Percent from Last Year FOR IMMEDIATE RELEASE 10/31/2023 Washington, D.C. – U.S. house prices rose in August, up 0.6 percent from July, according to the Federal
National Association of Home Builders – Learn How to be an Expert Home Salesperson
NAHB’s fall slate of engaging interactive education continues with courses in managing finances and home sales. Every Tuesday and Thursday in November (except during the week of Thanksgiving), industry leaders will lead insightful discussions
Fannie Mae Reports Net Income of $4.7 Billion for Third Quarter 2023
WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today reported its third quarter 2023 financial results and filed its Third Quarter 2023 Form 10-Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial
NY AG James Highlights Deep Racial Gaps in Homeownership Across New York
AG Report Finds New Yorkers of Color Are Far Less Likely to Own a Home, More Likely to Be Denied Mortgages, and Face Higher Borrowing Costs Disparities Cost Black and Latino Borrowers More Than
FHA Publishes Guidance for the Home Equity Conversion Mortgage Program
Newly published chapters of the Single Family Housing Policy Handbook provide a central source of information to enhance program delivery for seniors choosing to age in place in their own homes. WASHINGTON - The Federal
Mortgage Investors Group – Market Watch – Week of October 30th
Market Comment Mortgage bond prices finished the week near unchanged which left rates relatively flat. We started significantly worse but recovered the losses as stocks struggled the latter part of the week. The Treasury
Dave Hershman: Wars are Increasing Inflation Rates
For months the Fed has been waging a robust war against inflation. But as we know, this is not the only war being fought. There are wars against drug addiction, poverty and even illegal