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FHFA Proposes Rule to Expand Access to Liquidity for the Federal Home Loan Banks
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking on Federal Home Loan Bank (FHLBank) Unsecured Credit Limits. The proposed rule would improve the
MBA Promotes Wendy Penn to Vice President for Affordable Housing Initiatives
The Mortgage Bankers Association (MBA) today announced that Wendy Penn has been promoted to Vice President for Affordable Housing Initiatives. In her elevated role, Penn will lead MBA’s
Beyond Boundary Lines: 9 Reasons to Have Your Property Surveyed
As a homeowner or future homeowner, you have the option to get your current or future property surveyed. A survey helps define where one’s property starts and ends. However, why exactly should you have your property surveyed, you might ask? Here are the top reasons
FHA Loans for Refinancing: Is It a Good Option?
FHA loans are known for helping first-time homebuyers achieve homeownership with lower down payments and more flexible credit requirements. However, they are not just for buying a home — they can also be used to refinance an existing mortgage.
Pending Home Sales Edged Up 0.6% in August
Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but
HUD and Ginnie Mae to Host Summit on Mortgage Market Resilience and Access to...
The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae announced plans to host a summit to explore the impact of mortgage market liquidity on Americans' access to
Mortgage Application Payments Decreased 3.9 Percent to $2,057 in August
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,057 from $2,140 in July. This is according to the Mortgage
Mortgage Credit Availability Increased in August
Mortgage credit availability increased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
EasyKnock: A Midyear Recap
Anyone who’s watched the news knows the U.S. housing market has been a rollercoaster ride for quite some time. According to Forbes Advisor, “The housing market might finally be entering a transitional phase. Nonetheless, experts say the housing market
MBA Forecast: Commercial/Multifamily Borrowing and Lending to Increase 26 Percent to $539 Billion in...
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a
Recent CRL Solar Lending Paper Supports Federal Regulators’ Call for Increased Enforcement to Protect...
Federal consumer regulatory agencies today released data and resources that reflect findings in a?paper?released last week by the Center for Responsible Lending (CRL) that show the nation’s leading residential solar energy financing lenders currently use many of the predatory methods employed in the subprime mortgage lending market of 2007-2010
Top Strategies for Earning Passive Income Through Mortgage Note Investing
Mortgage note investing is a relatively lesser-known but highly effective strategy for generating passive income. Unlike traditional real estate investing, where you deal with tenants, property management, and maintenance, mortgage note investing allows you to step into the shoes of a lender.
Multifamily Lending Declined 49 Percent to $246 Billion in 2023
In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s
GFP Real Estate and Its Tenants Raise More Than $200,000 to Support Ukrainian Refugees
GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.
The State of the Real Estate Market in 2024
The real estate market in 2024 is navigating a complex landscape shaped by economic fluctuations, rising interest rates, and evolving consumer preferences. As the global economy faces uncertainties, the real estate sector has been particularly impacted by changes in mortgage rates, home insurance premiums, and broader market dynamics.
The City and County of Honolulu Should Enhance Its Fraud Risk Management Practices for...
The U.S. Department of Housing and Urban Development (HUD) Office of Inspector General (OIG) issued a report examining the
Mortgage Credit Availability Increased in July
Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI rose by 3.3 percent
Home Equity Lending Volume Stays Relatively Flat in 2023, Debt Outstanding Increases
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt
New Home Sales Soft in June as Mortgage Rates Remain Near 7%
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally
New Hawaii Law Will Protect Homebuyers from Predatory Contracts
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, AARP and the Hawai‘i Land Title Association (HLTA) applaud the Hawai‘i
