First-time buyers spent an average of 25.6% of their household income on mortgage payments, making a home purchase unaffordable.
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Millions of Boomers Still Renting Homes Rather Than Buying
Some may believe that baby boomers had an easier time becoming homeowners than later generations; however, according to recent LendingTree research, a sizable portion of boomers are choosing to...
Down Payments Hold Steady as Affordability Pressures Keep Buyers on the Sidelines
With housing costs still high and mortgage rates stubbornly elevated, typical down payments remain steady but far above pre-2020 norms. The post Down Payments Hold Steady as Affordability...
Homes Changing Hands: Housing Turnover Reaches Lowest Level in Decades
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Report: Trump Administration Removes FHFA Inspector General Joe Allen
The Trump administration’s removal of FHFA watchdog Joe Allen has sparked alarm from critics over the independence of regulators overseeing America’s housing finance system. The post Report: Trump...
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Gen Z Keeps Homeownership Dreams Alive Despite Record Affordability Challenges
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Bessent Says Housing Market in ‘Recession,’ Urges Fed to Act Faster on Rates
While the Fed has made two consecutive rate cuts, Treasury Secretary Scott Bessent says slow action could deepen the slump in housing and expose the economy’s reliance on the tech sector. The post...
Growing Divide Among Consumers Persists as Credit Risk Takes a Turn
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FHFA Details Housing Goal Performance, Mortgage Acquisitions
The FHFA’s latest report outlines how the Enterprises performed on key housing affordability and access goals amid evolving market conditions. The post FHFA Details Housing Goal Performance,...
Former Fannie Mae President David Benson Returns in New Role
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Despite Falling Mortgage Rates, Home Prices Keeping Buyers Sidelined
The average 30-year mortgage rate now hovers at around 6.2%, just over half a percentage point lower than the 6.8% average recorded earlier this year. Despite this, homebuying...
Haunted Homes: Homebuyers Ain’t Afraid of No Ghosts
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Chicago Housing Authority Sues HUD Over New Funding Restrictions
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Federal Court Halts CFPB’s Open Banking Rule Amid Data Security Concerns
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In Memoriam: Dr. Cheryl Travis-Johnson of VRM Mortgage Services
Dr. Cheryl Travis-Johnson, EVP and COO of VRM Mortgage Services, passed away last week. Cheryl was a dedicated industry veteran with over 30 years of service. Since joining VRM in 2008, she was...