In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High-Balance Loans for single-family forward mortgage loans nationwide.
Most Recent Articles
Figure Technology Solutions Debuts New Chief Legal Officer, Corporate Secretary Role
Figure Technology Solutions has announced that Ronald Chillemi, who has has 25 years of expertise in both the public and commercial sectors of law, has been appointed as Corporate Secretary and...
The Week Ahead: Navigating the Affordability Challenges of Middle-Income Renters
The Harvard Joint Center for Housing Studies will host a virtual session discussing the affordability struggles faced by middle-income renters, and what can be done to alleviate these...
Nationwide Homeowner Equity Shows Modest Gains in Q2
According to CoreLogic, since Q2 of 2023, U.S. homeowners with mortgages have seen an increase in equity year-over-year—but at a slower pace—driving the total net homeowner equity to over $17...
Mortgage Credit Availability Jumps Again in August
Joel Kan, MBA’s VP and Deputy Chief Economist, revealed that while credit availability increased in August, the consecutive rise from last month was "driven by increased cash-out refinance and...
Real Estate Market Outlook: Rising Inventory and Stable Prices
As the peak of the home-buying season ends, Altos Research forecasts rising inventory levels, steady prices, and a slow market for the remainder of 2024. The post Real Estate Market Outlook:...
AFR Announces Key Leadership Appointments
Bobbi MacPherson joins the mortgage lender as Head of Operations, Shaun Hamman returns to the company as SVP of Strategic Accounts, and Kayla Lopez is promoted to the role of Head of People. The...
Incenter Adds New Chief Legal Counsel
Mortgage industry attorney Kathleen Dutill joins Incenter to advise the company and its member firms on legal and compliance issues. The post Incenter Adds New Chief Legal Counsel first appeared...
Mortgage Demand for Second Homes Slips YoY
According to new Redfin data, due to rising interest rates and high home prices, demand for mortgages remains generally weak, but demand for second homes is particularly low for a number of...
Where Are Foreclosure Rates Highest?
“While overall activity is significantly lower than the peaks seen during the 2008 financial crisis,” said Rob Barber, CEO at ATTOM, “the current economic environment, coupled with rising interest...
HUD Updates Manufactured Home Regulations
The new rules seek to modernize manufactured home features and increase consumer demand for the product while expanding the nation’s supply of affordable housing. The post HUD Updates Manufactured...
Legal League Oversees Successful Servicer Education Sessions
The Legal League, a professional association of financial services law firms, recently held several training sessions for more than 80 servicing professionals, tackling topics ranging from...
Market Moderates as YoY Home Price Gains Dip
CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for July 2024. U.S. year-over-year home price gains inched down, reaching 4.3% in July, falling further from the...
Mastering the Art of REO Vendor Management
Ella Barlow of Radian Real Estate Management details the challenges and recommendations when dealing with REO vendor management. The post Mastering the Art of REO Vendor Management first appeared...
Biden-Harris Administration Awards Millions to ‘Protect and Empower’ Low-Income Tenants
“We are dedicated to helping the families we serve live in homes where they can thrive,” said HUD Acting Secretary Adrianne Todman. “Under this Administration, we have prioritized opportunities...
Renters Find a New Destination for Affordability
A rise in one Midwest area’s economy and attraction as a growing tech hub has propelled this market as the nation’s top rental hot spot, according to RentCafe. Click through to find out the new...
The Most and Least Affordable Metros for Raising a Child
A new analysis reveals the stark differences in the cost of raising a child across America's 100 largest metropolitan areas, highlighting the economic challenges faced by families in different...
Former Sagent CEO Named Head of Rocket Pro TPO
Mortgage technology veteran Dan Sogorka has been named General Manager of Rocket Mortgage's unit serving Mortgage Brokers. The post Former Sagent CEO Named Head of Rocket Pro TPO first appeared on...
New Construction Boom Fuels Rising Rent Prices
“Almost everything in our lives costs more than it did two years ago," said Sheharyar Bokhari, Senior Economist at Redfin, "but rents have remained largely stable." Here’s how those rent price...
When Is the Best Time to Purchase a Home?
A new report from Realtor.com finds that, should a homebuyer wait for this particular week, they could save more than $14,000 compared to the summer's peak price and find nearly 40% more active...
Number of Young Adults Living at Home Reaches Great Depression Levels
A recent study shows soaring housing costs and stagnant incomes are driving record numbers of young people to live with their parents, "delaying a major milestone on the path to adulthood," and...